Accra, Ghana//-CalBank PLC has announced the successful conversion of preference shares to ordinary shares, effective June 2, 2025.
This follows shareholder approval at the Annual General Meeting held on March 20, 2025, and subsequent regulatory clearance. This conversion was provided for under item 1.5.3 of the Rights Issue Circular and forms part of the Bank’s ongoing efforts to strengthen its capital structure and enhance shareholder value.
Accordingly, all shareholders who subscribed to the Rights Issue and held preference shares have their preference shares in CalBank converted into ordinary shares on a 1:1 basis.
All eligible shareholders are advised to contact their brokers or licensed dealing agents for the necessary confirmation and documentation regarding the updated status of their shareholding. CalBank thanks all shareholders for their continued trust and support.
