Hold on to your shares – HFC MD to shareholders

Read Comments Comments (10)

• kwasi 10 years ago

  What is his problem? The decision to sell or not rests with the individual shareholder.
  This man is likely to lose his position after the eventual takeover of the bank by the RB.

  What is his problem? The decision to sell or not rests with the individual shareholder.
  This man is likely to lose his position after the eventual takeover of the bank by the RB.

  reply
• Abinnah 10 years ago

  I don't see anything wrong with that. the takeover will happen. you don't want all the profit to be sent outside Ghana. We should rather encourage selfless people like the MD.

  I don't see anything wrong with that. the takeover will happen. you don't want all the profit to be sent outside Ghana. We should rather encourage selfless people like the MD.

  reply
• kwasi 10 years ago

  Where was the MD when the RB were buying the earlier shares that has triggered the MTO?

  Where was the MD when the RB were buying the earlier shares that has triggered the MTO?

  reply
• Abinnah 10 years ago

  how do you stop that when the government is encouraging that trend. We need to wake up.

  how do you stop that when the government is encouraging that trend. We need to wake up.

  reply
• lankwei 10 years ago

  If the MD of a bank has to make such a public plea something disturbing must be going on. It is, IMHO, a Red Flag.
  
  The ownership will change, Dividend policies may change and dividends cannot be assumed to rise. The revers ...
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  If the MD of a bank has to make such a public plea something disturbing must be going on. It is, IMHO, a Red Flag.
  
  The ownership will change, Dividend policies may change and dividends cannot be assumed to rise. The reverse is just as likely, to drop.

  reply
• Kwabena Bediako. 10 years ago

  No serious MD of an institution will advice shareholders to offload their shares. He is displaying commitment to the Bank.

  No serious MD of an institution will advice shareholders to offload their shares. He is displaying commitment to the Bank.

  reply
• Abinnah 10 years ago

  Well said.

  Well said.

  reply
• kwasi 10 years ago

  I am going to sell mine anyway.

  I am going to sell mine anyway.

  reply
• Abinnah 10 years ago

  Good for you.

  Good for you.

  reply
• lankwei 10 years ago

  They are offering to buy up to 75% of the outstanding shares at 1.60 cedis per share.
  "Should Republic Bank receive acceptances from HFC shareholders, such that its resultant shareholding would be in excess of 75% of HFC’s ...
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  They are offering to buy up to 75% of the outstanding shares at 1.60 cedis per share.
  "Should Republic Bank receive acceptances from HFC shareholders, such that its resultant shareholding would be in excess of 75% of HFC’s total issued capital, Republic Bank will be required to undertake a pro-rata acceptance of shares to maintain a minimum public float of 25% of HFC shares in accordance with GSE listing requirements." Acceptance Period Closes 17:00 GMT May 7, 2015
  
  RBL holds 118,544,368 ordinary shares of no par value representing 39.94% of the total shareholding of HFC Bank.
  
  Social Security and National Insurance Trust 26.14%
  Ghana Union Assurance Company 10.91%
  Addo, Augustine Kwame 6.75%
  Ghana Cocoa Board 6.11%
  As of December 18, 2014
  
  SSNIT and GUAC plus Republic Bank own more than 75%. Indeed the top 5 shareholders OWN Approximately 90% of the shares. There are implications for liquidity.
  
  I hope this information helps you with your decision to sell.
  
  I hope this information helps you

  reply