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Bonus Shares
Following the approval by Standard Chartered Bank Ghana Limited (“SCB” or the “Company”) shareholders at its Annual General Meeting (AGM) held at the National Theatre on April 25, 2012, the Company is pleased to announce a Bonus Issue of 96,256,070 ordinary shares of no par value (the Issue). The Issue will be in a ratio of five (5) new shares for every one (1) existing share held.
Qualifying Date
The qualifying date for the Bonus Issue has been set for Tuesday, November 13, 2012. Only shareholders on the register of members of SCB as at the close of business on Tuesday, November 13, 2012 will be entitled to the bonus shares.
Closure of Register
Pursuant to section 34 of the Companies Code Act 1963 (Act 179) and regulation 40(b) of the Ghana Stock Exchange Listing Rules, the Register of Members of SCB will be closed to the general public from Wednesday, November 14, 2012 to Thursday, November 15, 2012 (both dates inclusive).
Ex-Bonus Date
Consequently for the purposes of trading on the Exchange, the ex-bonus date is Friday, November 9, 2012. This means that investors buying SCB shares on or after Friday, November 9, 2012 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 decision, paper certificates will not be issued in respect of the bonus shares. Investors who have their shares in the GSE Depository 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 SCB shares in the GSE Depository 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 (opening of a GSE Depository account is free of charge).
Transfer from Income Surplus
In respect of the bonus issue, SCB will transfer an amount of GH¢500,000 (five hundred thousand Ghana cedis) from Income Surplus Account to Stated Capital.
Further Information
IC Securities (Ghana) Limited is acting as Sponsoring Broker to SCB in connection with this Bonus Issue.
For further information, contact the Ghana Stock Exchange, the GSE Securities Depository, IC Securities (Ghana) Limited or Computershare Pan Africa Ghana Limited.
Issued in Accra under the authority of Standard Chartered Bank Ghana Limited, this 10th day of October, 2012.