UTF has announced the listing of an additional 91,304,348 ordinary shares on the Exchange following the acquisition of 100% holdings in UT Bank Ltd.
UTF currently has 210,732, 500 issued shares all of which are listed on the Exchange. The listing of 91,304,348 additional shares on the Exchange brings the post acquisition issued and listed shares to 302,036,848.
UTF Financial Services Limited has also announced a change of name to UT Bank Limited (UTB). The symbol of UT Bank would be UTB. Therefore, on the Exchange’s Official List, UT Financial Services Ltd will be taken off and replaced with UT Bank Ltd (UTB). The ISIN remains the same (GH0000000755).
Shareholders of UTF now UTB who already have their shares in the GSE Depository will have the name of their holdings automatically changed to UT Bank Ltd.
Shareholders who have not yet converted their UT Financial Services Ltd share certificate into electronic securities should urgently contact their brokers to open depository accounts and deposit their shares.
UTB is to be admitted to the Exchange’s Official List on Wednesday, June 16, 2010.
Issued in Accra, this 15th
day of June, 2010