Zenith Bank Extends Subscription Deadline for Public Offer, Rights Issue

Zenith Bank Extends Subscription Deadline for Public Offer, Rights Issue

Zenith Bank Plc has obtained regulatory approval to extend its public offer, and rights issue by two weeks, according to its regulatory filing on the Nigerian Exchange. The bank told the regulator that its combined offers to sell shares to investors, new and existing shareholders, which were scheduled to close on 9 Sept, 2024 has been extended to Sept 23.

Zenith told the regulator that the nationwide protest that started on August 1, the same day that the offers were opened, disrupted business operations. The Nigerian lender said the decision to extend the date was made to provide ample opportunity for shareholders to take up their Rights issue and for the general investing public to subscribe to public offers.  

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