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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

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    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

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Republic bank increases share price offer for HFC shareholders

bycitibusinessnews
April 23, 2015
in Banking And Finance, Business, Top Stories
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Shareholders of HFC bank who want to sell their shares in the bank to Republic bank will make some extra cash than earlier anticipated.

[contextly_sidebar id=”gkuU25CM2eRVvIPIPn2bXNTnj4WZY5Zt”]Republic bank is now offering more cash for a share that is sold to them.

Republic bank last year made an offer of 1 cedi 60 peswes per share after an initial offer of 1 cedi 30 peswes per share previously.

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It maintained this figure this year after the Securities and Exchange Commission SEC approved its mandatory takeover offer in line with the commission’s code on takeovers and

But the bank yesterday April 22nd, 2015 increased its offer to 1 cedi 95 peswes per share.

HFC is currently trading at 1 cedi 55 peswes on the Ghana Stock Exchange.

Some shareholders had earlier called on Republic bank to increase its offer to at least 1 cedi 83 peswes as the previous 1 cedi 60 pesws was not attractive.

The share price offer as well as current happening in the bank including the movements of some key personalities in the bank including the MD of the bank as well as the election of board directors will be some of the main issues to be discussed today 23rd April,2015 at the bank’s Annual General Meeting (AGM).

HFC has been in the news for some time now following the acquisition of some of its shares by Republic bank.

Republic bank is seeking to have at least 51 percent stake of the bank following the approval of its mandatory takeover offer by SEC this year.
–
By: Vivian Kai Lokko/citifmonline.com/Ghana

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