Shareholders of Access Holdings Plc have thrown their weight behind the company’s N351 billion rights issue, pledging their support for the capital raising exercise.

Speaking at the Facts Behind the Rights Issue Presentation, shareholder leaders praised the company’s growth trajectory and consistent dividend payment.

They expressed confidence in the management’s ability to deliver on its promises, citing the company’s impressive track record.

The shareholders, however, requested an increase in dividend payment from 30 kobo to 50 kobo interim dividend.

Access Holdings Plc’s rights issue offers 17,772,612,811 ordinary shares at N19.75 per share, aiming to raise up to US$1.5 billion.

The offer opened on July 8 and will close on August 14, 2024. The company plans to use the funds to strengthen its financial position, support working capital needs, and drive organic growth in its banking and non-banking subsidiaries.

Chairman Aigboje Aig-Imoukhuede expressed confidence in the success of the rights issue, stating that it will propel the company towards its goal of becoming one of the top 5 financial institutions in Africa by 2027.

L-R: Morounke Olufemi, Group Chief Financial Officer, Access Holdings Plc; Temi Popoola, Group CEO, Nigerian Exchange Group (NGX Group); Bolaji Agbede, Acting Group Managing Director /Chief Executive Officer, Access Holdings Plc; Umaru Kwairanga, Group Chairman, NGX Group; Aigboje Aig-Imoukhuede, Chairman, Access Holdings Plc; Ahonsi Unuigbe, Chairman, Nigerian Exchange Limited; and Roosevelt Ogbonna, Group Managing Director/CEO, Access Bank Plc, during the Facts Behind the Rights Issue Presentation by Access Holdings Plc, at the NGX in Lagos.