Abbey Mortgage Bank lists N2.37bn shares

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Abbey Mortgage Bank Plc has listed an additional N2.37bn shares on the Nigerian Stock Exchange.

The NSE said in a statement on Thursday, February 6, 2020, that the bank’s 2.26 million additional shares of 50 kobo each were offered by way of placement to VFD Group Plc at N1.05.

The statement read in part, “Dealing members are hereby notified that additional 2,261,538,462 ordinary shares of Abbey Mortgage Bank Plc were on Thursday, February 6, 2020, listed on the daily official list of the Nigerian Stock Exchange.”

The NSE said the additional shares listed arose from the bank’s placement of 2,261,538,462 ordinary shares of 50 kobo each at N1.05 per share to VFD Group.

It said with the listing of the additional ordinary shares, the total issued and fully paid-up shares of the bank had now increased from 4.2 billion to 6.46 billion ordinary shares of 50 kobo each.

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