Business News Thu, 25 Feb 2016

ADB extends date to end IPO

The Agricultural Development Bank Limited (ADB) has extended the date to end its Initial Public Officer to March 24, 2016.

The bank was originally scheduled to end the sale of the IPO on February 26, 2016 but the Securities and Exchange Commission has granted the bank an extension.

The bank said “shares can be bought at any ADB branch, any Standard Chartered Bank branch, IC Securities (Ghana) Limited or any Licensed Dealing Member of the Ghana Stock Exchange (“GSE”).”

“Further details on the IPO are contained in the Offer Prospectus which can be obtained from any ADB branch, any SCB branch, IC Securities (Ghana) Limited, any LDM of the GSE or www.adbipo.com.

“Before deciding whether to apply for the ADB Shares, you should consider whether the ADB Shares are a suitable investment for you. Their value can go up as well as down. Past performance is not necessarily indicative of future performance. If you need advice, you should consult a suitable professional advisor,” the statement from the Marketing and Communications division of the ADB said.

Source: Starrfmonline.com