Shareholders Approve Access Bank Right Issue

To Timothy Adesiyan, a shareholder of Access Bank, the extra general meeting, EGM, of the bank, which was held in Lagos, on Monday, October 13, is timely.

The meeting gave him the opportunity to be among the 717 investors that approved the right issue of Access Bank as they look forward to increasing their stakes in the financial institution.

“It is the desire of every discerning investor to buy more of shares of the company that gives returns on investment annually,” he noted.

Gbenga Oyebode, chairman of the bank, explained that the proceeds of the N68 billion worth right issue, would be used to upgrade the bank’s information technology platforms to enable it provide better service and improve its distribution channel infrastructure to enable it provide better and more efficient services to clients.

“The enhanced capital base will also support the bank’s international expansion drive and upgrade our branch network,” he explained.