CalBank Plc (“CalBank” or the “Bank”) wishes to announce the launch and commencement of the Bank’s Renounceable Rights Issue of 3,103,448,276 ordinary shares of no-par value at GHS0.29 per share to raise GHS900 million in a ratio of 1 new share for every 0.3643 ordinary shares held by a qualifying shareholder as at the qualifying date (the “Offer”).
The Offer will be in a ratio of 1 new ordinary share for every 0.3643 existing ordinary shares existing ordinary shares held by a qualifying shareholder.
| Activity | Date | Time |
| Ex-Rights Date | 24th October 2025 | 3.00pm |
| Qualifying Date | 28th October 2025 | 3.00pm |
| Book Closure Date | 30th October 2025 | 4.00pm |
| Commencement of the Offer | 3rd November 2025 | 9.00am |
| Commencement of Trading in Rights | 5th November 2025 | 10.00am |
| Closure of Trading in Rights | 7th November 2025 | 3.00pm |
| Offer Closure Date | 21st November 2025 | 4.00pm |
| Application Review and Allotment of Rights | 25th November 2025 | 4.00pm |
| Private Placement and Allotment of Shares Not Taken Up | 28th November 2025 | 9.00am |
| End of Allotment | 28th November 2025 | 4.00pm |
| Submission of Offer Results to SEC | 1st December 2025 | 4.00pm |
| Receive Approval of Offer Results from the SEC | 3rd December 2025 | 4.00pm |
| Refund Commencement Date | 4th December 2025 | 9.00am |
| Credit Offer Shares to Successful Applicants on the CSD | 4th December 2025 | 3.00pm |
| Additional Listing of Offer Shares for Trading on the GSE | 4th December 2025 | 10.00am |
| Deadline for Refunds to Unsuccessful Applicants | 10th December 2025 | 4.00pm |
AMBER Securities Ltd (“AMBER”) is acting as Lead Manager with Calbank PLC as Co-Lead Managers and Petra Securities as Sponsoring Broker to CalBank in respect of the Offer. CalBank and Petra are acting as Receiving Bank and Receiving Agent respectively for this Offer.
Qualifying Shareholders can subscribe to their Rights (as defined in the Circular) at the premises of Petra Securities, any CalBank branch, or through the online portal at http://rightsissue.calbank.net/ when the Offer opens on 3rd November 2025.
Qualifying Shareholders of CalBank may download a copy of the Offer Circular from http://rightsissue.calbank.net/ or contact the offices of the Registrar, Central Securities Depository, Petra or any CalBank branch for a copy of the Circular (subject to availability of extra copies of the Circular).
Applications will only be accepted from Qualifying Shareholders or Renouncees subject to the Ghana Stock Exchange Listing Rules, the terms of the Offer and any other applicable laws.
Investors are advised to consult a dealer, investment adviser or other professional for appropriate advice.
Click to download the prospectus here
If you have any questions regarding the Offer, please do not hesitate to contact:
| CalBank PLC | Petra Securities Limited |
| 23 Independence Ave | 217 Roman Ridge, Accra |
| Accra-Ghana | P.O. Box CT3194 |
| Tel: 233 (0) 302 680081,680083 | Tel: 233 55 257 1978 |
| Email: investorrelations@calbank.net | Email: brokerage@petraonline.com |
