Further to the approval by the shareholders of CAL Bank Limited at its Annual General Meeting held on May 3, 2018, the bank is pleased to announce a Bonus Issue for its shareholders in a ratio of one (1) new share for every seven (7) existing shares held.
The qualifying date for the Bonus Issue has been set for Wednesday, June 6, 2018. Only shareholders on the register of members of Cal as at the close of business on Wednesday, June 6, 2018 will be entitled to the bonus shares.
Closure of Register
The Register of Members of CAL will be closed to the general public from Thursday, June 7, 2018 to Friday, June 8, 2018 (both dates inclusive).
Consequently for the purposes of trading on the Exchange, the ex-bonus date is Monday, June 4, 2018. This means that investors buying CAL shares on or after Monday, June 4, 2018 will not be entitled to the bonus shares. Those buying before this date will be entitled to the bonus shares.
The Bonus shares shall be credited to the accounts of shareholders registered on the Central Securities Account on Wednesday, June 13, 2018. Allotment letters will be sent to shareholders without CSD accounts by Friday, June 22, 2018.
Accra, 21st May, 2018.
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