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Zenith: Registrar reiterate reissue of certificates to investors within 14 days

Category: Public Offers Private Placements

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Zenith: Registrar reiterate reissue of certificates to investors within 14 days



Proshare NI


June 29, 2009 17:58 GMT






Zenith Registrars Limited has reiterated its resolve to reissue share certificates to investors who are yet to receive the Zenith Bank Plc (Zenith) year 2007 Public Offer (PO) certificates.




Simeon Meruwoma, Assistant Registrar of the company confirmed this to Proshare NI in Lagos Nigeria.




Meruwoma asserts that investors who are yet to get theirs would be reissued new ones within fourteen (14) days of application.




He affirmed that all the investors require to do is to complete Indemnity Form for share certificates at any Zenith Bank branch and submit.




“Once they submit, within two (2) weeks of submission, a new one would be reissued, they can come in person or authorise anybody to collect on their behalf” Meruwoma said.




This is coming on the heels of complaints that have inundated the e-mail box of Proshare NI on the non-receipt of Zenith Bank year 2007 Offer share certificates.


As earlier reported by Proshare NI, Zenith Bank in year sought to raise N130 billion from the Capital Market through a hybrid offer; when it offered to investors between December 06 2007 and January 06 2008 a Rights Issue of 1, 654, 557, 99 units each at N36.90 per share and public offer of 1, 763, 300, 00 Ordinary Share of 50 kobo each at 38.90 kobo per share.


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