Bonus Shares
SG-SSB through its Financial Advisors and Sponsoring broker, Strategic African Securities Ltd, has announced that at the Bank’s Annual General Meeting held on March 25, 2009, a special resolution was passed for a bonus share issue. One (1) new or additional ordinary share is to be issued to existing holders for every one (1) ordinary share held.
Qualifying Date
The qualifying date for the bonus shares is Tuesday, April 28, 2009. All persons in the Register of SG-SSB Ltd as at the close of business on Tuesday, April 28, 2009 will receive one (1) new share for every one (1) existing share held on that date.
Closure of Register
The Register of Shareholders will be closed from Wednesday, April 29 – Thursday, April 30, 2009 (both dates inclusive).
Ex-Bonus Date
The ex-bonus date is Friday, April 24, 2009. An investor buying SG-SSB shares before this date will be entitled to the bonus shares. Any investor buying SG-SSB shares on or after this date will not be entitled to the bonus shares.
Transfer from Income Surplus
An amount of GH¢35,836,000i (thirty five million eight hundred and thirty six thousand Ghana Cedis) is to be transferred from Income Surplus to Stated Capital in respect of the bonus issue.
Electronic (book entry) certification
In line with the Council of the Exchange’s decision not to allow new or additional listings in paper certificates effective 2009, all shareholders of SG-SSB Ltd are advised, as a matter of urgency, to open securities accounts with the GSE Securities Depository (GSD) at the office of any of the Licensed Dealing Members (Stockbrokers) of the Ghana Stock Exchange. In opening a securities account, a shareholder is required to have a passport picture and an identification card (Voters ID card or National Health Insurance Card or Passport or Drivers’ Licence).
Shareholders are also advised that at the same time that they open a securities account, they can deposit any share certificate that they hold. In so doing, they should carry along with them the share certificate, or in its absence, the transfer or balance receipt, etc.
Further Information
For further information, contact the Ghana Stock Exchange, the GSE Securities Depository or your Stockbroker.
Issued at Accra, this 3rd
day of April, 2009.