Abbey Bank announces new significant shareholders after private placement

Abbey Bank has announced the addition of new significant shareholders following the successful completion of a private placement. The transaction involved the issuance of 26,562,647,265 ordinary shares with a nominal value of 50 kobo each.

The newly issued shares were priced at ₦2.43 per share. This significant equity placement marks a notable corporate development for the financial institution as it expands and restructures its shareholder base.