SBG Securities Ghana announces that Republic Bank Limited of Trinidad and Tobago on September 26, 2013 acquired an additional 7.98% ordinary shares of HFC Bank Ghana Limited (HFC). The shares were previously held by Union Bank of Nigeria Plc.
The transaction involved 23,638,340 ordinary shares at a price of GH¢0.67 per share executed on the Ghana Stock Exchange. This increases Republic Bank Limited of Trinidad and Tobago’s holding in HFC to 40% and reduces Union Bank of Nigeria Plc’s holding to 0.46%.
Issued at Accra, this 27th
day of September, 2013