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Company Profile

Press Releases

April 2013

SG-SSB announces the resignation of Mr. Bernard David from the Board of Directors of the bank effective 15th November, 2012.

The bank has appointed Mr. Alexandre Maymat as a Director to fill the vacancy. His appointment takes effect from 15th November, 2012.

With a vast experience in the public service, Mr. Alexandre Maymat held a series of offices between 1991 and 2001, as high official of the French State.

Between 1992 and 1996, he was administrator at INSEE (National Institute for Statistics and Economic Studies) and Study Coordinator within the Forecasting Division of the Ministry of Economy and Finance. Starting with 1996, he was a financial attaché at the French Representative Office with the European Union, in which capacity he was in charge of the technical aspects of euro implementation.

In September 1999, he became Deputy Secretary of the European Union Economic and Financial Committee, the Directorate for Economic and Financial Affairs of the European Commission. In this capacity, he was in charge of coordinating the economic policies in the Euro Zone (Stability and Convergence Programme, Broad Economic Policy Orientations of the European Union), as well as of wording the European Union’s position in international economic forums (G7, IMF, World Bank).

In April 2001, he joined the Societe Generale Group as Chief Inspector and in 2004 he took over the management of the Corporate Business Centre in Paris, with a portfolio of 350 companies with turnovers between EUR 1.5 and 800 million, large collectivities (among which the Paris City Hall) and associations.

In June 2006, he took over, for 3 years, the position of Regional Manager of the Franche-Comté area. During this period, he was in charge of implementing numerous projects aimed to improve operational efficiency, to develop new agencies and to improve the conditions of recruitment and career follow-up for the employees.

His first international mission began in October 2009, when he became Director and CEO of Société Générale de Banque in Cameroon (SGBC), a universal bank that covers all the markets (large corporate, SME, private), with 600 employees and 21 agencies, the first bank in terms of profitability and the largest lender in the African republic. His mission in Cameroon ended in January 2012. After a six-month assignment aimed at establishing the strategy of Romanian subsidiary BRD, he was appointed, in September 2012, Deputy Head of the Group’s International Retail Banking division. Within this function, he is primarily responsible for accompanying large clients and monitoring Societe Generale subsidiaries in Africa, the Middle East, Asia and the French Overseas Territories.

Mr. Alexandre Maymat graduated from the Polytechnics School and from the National School of Statistics and Economic Administration.


Issued in Accra, this 10th
day of April, 2013

February 2013

Final Dividend
SG-SSB has announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢0.04 per share for the 2012 financial year.
 
Qualifying date
All shareholders registered in the books of SG-SSB at the close of business on Friday, March 22, 2013 will qualify for the final dividend.
 
Closure of Register
The Register of shareholders will be closed from Monday, March 25, - Tuesday, March 26, 2013 (both dates inclusive).
 
Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Wednesday, March 20, 2013. Consequently, an investor purchasing SG-SSB shares before this date will be entitled to the final dividend. However, an investor buying SG-SSB shares on or after Wednesday, March 20, 2013will not be entitled to the final dividend.
 
Dividend Payment Date
The final dividend will be paid on Wednesday, May 15, 2013.
 
Issued in Accra, this 28th         
day of February, 2013.

July 2010

SG-SSB has released its un-audited Financial Statements for the half-year ended June 30, 2010 as per the attached.
 
Issued in Accra, this 21st      
day of July, 2010.

March 2010

SG-SSB has announced the appointment of Mr. Gilles Louvel as Deputy Managing Director of the Bank. Until his new appointment, Mr. Louvel was the Director, Risk and Legal of the Bank.

His appointment took effect from March 04, 2010.


Issued in Accra, this 10th
day of March, 2010.
SG-SSB has announced that the Company’s 30th Annual General Meeting will be held on Thursday, March 25, 2010 at the Accra International Conference Centre at 11.00 a.m.


Issued in Accra, this 5th
day of March, 2010.

February 2010

Final Dividend
SG-SSB has announced a final dividend of four Ghana Pesewas per share in respect of its financial year ended December 31, 2009.

Qualifying date
All shareholders registered in the books of SG-SSB at the close of business on Wednesday, March 17, 2010 will qualify for the final dividend of four Ghana Pesewas per share which would be approved at the Annual General Meeting.

Closure of Register
The Register of shareholders will be closed from Thursday, March 18, 2010 - Thursday, March 25, 2010 (both dates inclusive).

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Monday, March 15, 2010. Consequently, an investor purchasing SG-SSB shares before this date will be entitled to the final dividend. However, an investor buying SG-SSB shares on or after Monday, March 15, 2010 will not be entitled to the final dividend.

Dividend Payment Date
The final dividend of four Ghana Pesewas per share will be paid on Friday, April 30, 2010.

Annual General Meeting
The bank’s Annual General Meeting will be held on Thursday, March 25, 2010 at the Accra International Conference Centre at 11.00 am.


Issued in Accra, this 23rd
day of February, 2010.

January 2010

SG-SSB has listed an additional 48,893,894 ordinary shares on the Exchange. This is as a result of the Rights Issue.


Issued at Accra, this 13th
day of January, 2010.

November 2009

SG-SSB LIMITED (
Strategic African Securities Limited (SAS), the manager’s of the SG-SSB Limited (SG-SSB) Rights Issue has released the attached announcement for the information of the general public.


Issued at Accra, this 24th
day of November, 2009.



CLICK HERE TO VIEW DETAILS

October 2009

SG-SSB has released its un-audited results for the third quarter ended September 30, 2009 as per the attached.
 
 
Issued at Accra, this 23rd     
day of October, 2009.

September 2009

SG-SSB Limited (SG-SSB) is pleased to announce a Renounceable Rights Offer (the Offer) of 57,500,000 ordinary shares of no par value at GH¢ 0.40 (40Gp) per share to qualifying shareholders. This represents a 33% discount on the current market price of GH¢ 0.60 (as at September 8, 2009). The Offer will be made in a ratio of one (1) new share for every 5 shares held. The Offer was approved at SG-SSB’s Annual General Meeting held on March 25, 2009.

Pursuant to section 34 of the Companies Code 1963 (Act 179) and the Ghana Stock Exchange Listing Rules, the Register of Members of SG-SSB will be closed to the general public from Monday, September 28, 2009 to Wednesday, September 30, 2009 (both dates inclusive).

The Ex-Rights Date has been set as Wednesday, September 23, 2009 and the Qualifying Date has been set as Friday, September 25, 2009. Consequently, only shareholders on the Register of Members of SG-SSB at the close of business on Friday, September 25, 2009 will be entitled to exercise Rights under the Offer. Investors purchasing SG-SSB shares on or after Wednesday, September 23, 2009 (Ex-Rights date) shall not qualify to exercise Rights under this Offer.

Applications for extra shares will also be invited under this Offer from qualifying shareholders and investors who have been named as renouncees by qualifying shareholders under this offer, subject to the Rules of the Ghana Stock Exchange, the terms of the Offer and other applicable laws. Applications for extra shares may be allotted such shares not subscribed for by qualifying shareholders or as may be duly renounced in their favour.

The proceeds from the offer are expected to enable the bank meet the new minimum capital requirement set by the Bank of Ghana (BOG), enhance its competitive edge, deal with new challenges, and take advantage of the expectant growth in the economy.

The SG-SSB Rights Offer Circular was approved by the Securities and Exchange Commission and the Ghana Stock Exchange on September 3, 2009 and August 25, 2009, respectively. The Offer Circular will shortly be sent to qualifying shareholders.


Issued by:
SG-SSB Limited

July 2009

SG-SSB has released its un-audited Financial Statements for the half-year ended June 30, 2009 as per the attached.


Issued at Accra, this 28th
day of July, 2009.



CLICK HERE TO VIEW DETAILS

April 2009

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.

Financial Statements

April 2013

SG-SSB has released its un-audited Financial Statements for the first quarter ending March 31, 2013 as per the attached.


Issued in Accra, this 25th
day of April, 2013
SG-SSB has released its un-audited Financial Statements for the first quarter ending March 31, 2013 as per the attached.


Issued in Accra, this 25th
day of April, 2013

October 2010

SG-SSB has released its un-audited Financial Statements for the third quarter ending September 30, 2010 as per the attached.


Issued in Accra, this 22nd
day of October, 2010


CLICK HERE TO VIEW DETAILS

July 2010

SG-SSB has released its un-audited Financial Statements for the half-year ended June 30, 2010 as per the attached.


Issued in Accra, this 21st
day of July, 2010


CLICK HERE TO VIEW DETAILS

Market News & Information

April 2010

SG-SSB has announced the appointment of Mr. Serge Le Quentrec as a Director of the Bank. Until his new appointment, Mr. Quentrec was the General Manager, Finance and Administration of the Bank. His C.V. is as per the attached.

His appointment took effect from March 04, 2010.


Issued in Accra, this 22nd
day of April, 2010


CLICK HERE TO VIEW DETAILS

February 2010

The patch that the market went through in 2009 resulted from the effect of the global financial crisis which began to be felt in the fourth quarter of 2008 and the fact that in 2009, the Exchange also effectively began migrating from paper certification to electronic book entry securities under our new automated Trading System.

Statistics