Home Business Access Bank Divest its 17.65% investment from Stanbic IBTC Pension Managers Ltd.

Access Bank Divest its 17.65% investment from Stanbic IBTC Pension Managers Ltd.

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 Access Bank Plc, Friday announced through its company secretary to NSE that it has divested its equity shareholding of 17.65 percent in SIPML to the majority  shareholders of STANBIC IBTC Holdings Plc.

This according to the bank is in compliance with the CBN’s regulations on the Scope of Banking Activities and Ancillary Matters, No. 3,2010 and further to the provisions of Rule 17 of The NSE Rule book 2015 and rules 187 of the Rules and regulations of the SEC 2013, which requires the disclosure of material non public information to the NSE.

 The Bank hereby notify the NSE of this transaction in view of the possible material effect it may have on the value of Access Bank Plc’s securities listed on NSE.

 

 

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