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Financial News

Apr 2014 Financial News

Republic Bank Limited - Notice of mandatory offer to acquire shares in HFC Bank Ghana

Apr 22, 2014

Republic Bank Limited announces that it has obtained approval from the required regulatory authorities to make a mandatory offer to all shareholders in HFC Bank Ghana. In accordance with the Ghana Takeover Code, Republic Bank Limited made the required announcement on 17th April 2014.

The announcement by Republic Bank on the floor of the Ghana Stock Exchange advised of its offer to all shareholders of HFC Bank Ghana at an offer price of GHS 1.30 (USD 0.47) per share. If all outstanding shareholders accept this offer, Republic Bank will pay out USD 83,697,859.


Jacqueline Quamina
Corporate Secretary/General Counsel
April 17, 2014


Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday April 22, 2014