Bonus Shares
Further to the approval by the shareholders of Societe Generale Ghana at its Annual General Meeting held on 31st March, 2015, the bank is pleased to announce a Bonus Issue for its shareholders in a ratio of one (1) new share for every ten (10) existing shares held.
Qualifying Date
The qualifying date for the Bonus Issue has been set for Friday, 8th May, 2015. Only shareholders on the register of members of SOGEGH as at the close of business on Friday, 8th May, 2015 will be entitled to the bonus shares.
Closure of Register
The Register of Members of SOGEGH will be closed to the general public from Monday, 11th May, 2015 to Tuesday, 12th May, 2015 (both dates inclusive).
Ex-Bonus Date
Consequently for the purposes of trading on the Exchange, the ex-bonus date is Wednesday, 6th May, 2015. This means that investors buying SOGEGH shares on or after Wednesday, 6th May, 2015 will not be entitled to the bonus shares. Those buying before this date will be entitled to the bonus shares.
Electronic (book entry) Certification
In line with the Exchange’s requirement, paper certificates will not be issued in respect of the bonus shares. Investors who have their shares in the Central Securities Depository (CSD) will be automatically credited with the bonus shares due them on the application date. Paper certificates holders or investors who have not as yet put their SOGEGH shares in the CSD are advised to visit any of the brokerage houses and use their certificates as well as the allotment letter for the bonus shares to deposit all existing and new (bonus) shares in a Depository account.
Price
A reference price (reflecting the bonus issue) for SOGEGH Shares shall be set by the Exchange on Wednesday, 6th May, 2015.