Zenith Bank Plc recently launched a combined Public Offer (₦36.50) and Rights Issue (₦36).
The bank joins the likes of GTCO Plc and Fidelity Bank currently selling their shares to the public as a result of the CBN recapitalisation policy.
This gives both existing shareholders and new investors the opportunity to invest in the leading bank in Nigeria before the closing date.
So, this post explains what you need to know about Zenith Bank’s shares offer in 2024.
Brief Overview of Zenith Bank
Zenith Bank Plc is a leading financial institution in Nigeria and a major player in the African banking industry.
Established in 1990, the bank has grown to become one of the most profitable and respected banks in the country.
About Zenith Bank Offer and Right Issue
In August 2024 Zenith Bank Plc announced a combined Public Offer and Rights Issue to raise additional capital for its expansion and growth initiatives.
Zenith Bank is offering a combined package:
- Rights Issue: 5,232,748,964 ordinary shares at N36.00 per share to existing shareholders. Shares are offered on a 1-for-6 basis (one new share for every six shares held).
- Public Offer: 2,767,251,036 ordinary shares at N36.50 per share to the general public.
Opening date:1st August 2024
Closing date: 9th September 2024.
By combining a Public Offer and Rights Issue, Zenith Bank is offering investment opportunities to both existing shareholders and new investors.
As an existing shareholders, increase your Zenith shares by buying the right issue offer.
Or if you are a new investor, become a Zenith Bank shareholder by buying the public offer.
To participate in the Zenith Bank Public Offer and Right Issue, specific criteria must be met:
- Rights Issue: Open to all existing shareholders as of the Qualification Date (24th July 2024). Shareholders must be registered on the Zenith Bank shareholder register on this date to be eligible.
- Public Offer: Open to everyone, regardless of whether they are existing shareholders.
Investing in Zenith Bank shares offers several compelling reasons:
- Portfolio Diversification: Adding Zenith Bank to your investment portfolio diversifies your holdings, spreading risk across different sectors.
- Ownership Stake: Becoming a shareholder makes you a co-owner of Nigeria’s most profitable bank.
- Long-Term Growth Potential: Zenith Bank’s strong financial performance and expansion plans position it for long-term growth, potentially leading to share price appreciation.
- Attractive Returns: Historical performance suggests the potential for competitive returns on investment.
- Sharing in Success: As a shareholder, you participate in the bank’s ongoing success and growth.
Are you ready to invest in Zenith Bank shares? Here are the channels to apply for the Zenith Bank Public Offer and Rights Issue:
- Zenith Bank Branches: Visit any Zenith Bank branch nationwide to complete an application form and make payment.
- Receiving Banks, Stockbrokers, or Registrars: Designated financial institutions listed in the prospectus.
- Online Platforms:
- Zenith Bank Internet Banking
- Zenith Bank Mobile App: Download from your app store.
- NGX Platform
- Zenith Bank Website direct application portal.
Read: 4 Ways to Buy Zenith Bank Shares Online
For more instructions including the shares prospectus, visit the Zenith Bank website or a Zenith Bank branch near you
Note: It’s advisable to consult with a financial advisor before making any investment decisions.
Conclusion
Zenith Bank’s Public Offer and Rights Issue presents an investment opportunity for both existing shareholders and new investors.
By participating in this offer, you become part of Nigeria’s leading financial institution and potentially benefit from its continued growth and success.
For more information, consult the offer documents, visit the Zenith Bank website, or contact their Investor Relations team.
Will you buy the Zenith Bank Shares before the offer ends in 2024?
Leave a message in the comment section below or Facebook page. Thank you!
unleash.com.ng is dedicated to providing valuable information on managing your finances. Keep an eye out for future articles on Zenith Bank and other helpful financial topics!
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