Diamond Bank PLC, a leading retail bank in Nigeria, has called for the listing of companies within the Micro, Small and Medium scale Enterprise (MSME) subsector on the Nigerian Stock Exchange so as to boost their capital base. This call was made at the gong ringing ceremony which signified the end of the day’s trading activities at the Nigerian Stock Exchange recently.
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Shareholders of Diamond Bank Plc have asked the management of the Bank to extend the closing date of the ongoing Rights Issue to enable them maximize the opportunity to take up their allotted shares. The Rights Issue, which opened on Wednesday, 30 July 2014, is expected to close on Tuesday, 26 August 2014
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Port-Harcourt-based shareholders of Diamond Bank Plc, Nigeria’s leading retail bank, have applauded the bank for its visionary approach to management in view of the ongoing rights issue.
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Shareholders in Owerri, Imo State, have requested to be allowed to buy more than their allotted share in the ongoing Diamond Bank Rights Issue meant to raise N50.37 billion for strategic growth projects. They also want the closing date for the issue extended to enable them take up fully their shares.
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The Nigerian Stock Exchange has pledged its support for Diamond Bank Plc on its on-going Rights Issue exercise. This show of support was given when the Bank’s Management embarked on a Facts Behind the Issue session with capital market operators in Lagos recently.
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Arrangements for a Rights Issue by Diamond Bank Plc (“Diamond Bank” or “the Bank”), have now been concluded, following the approval granted by shareholders at the Bank’s Annual General Meeting held on 24 April 2014. A total of 8,685,145,863 Ordinary Shares of 50 kobo each will be offered to the Bank’s shareholders in the ratio of 3 new Ordinary Shares for every 5 Ordinary Shares held as at 13 June, 2014 at 5.80 per share.
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Diamond Bank PLC has announced its 22nd Annual General Meeting (AGM) scheduled for Thursday, April 24,2014 at the Civic Centre, Victoria Island, Lagos. The AGM will afford the bank’s management the opportunity to formally present to the shareholders the Bank’s financial report for the year ended December 31, 2013. For the period under review, the bank recorded excellent financial performance with a double digit return on equity as it announced a 16.7% increase in profit before tax to N32.1billion. On the back of this performance, the bank has proposed a dividend of 30k per 50k ordinary shares.
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