Wema Bank Plc has expanded its share capital on the Nigerian Exchange Limited (NGX) with the listing of 14,143,244,747 ordinary shares of 50 kobo each.
The new shares resulted from the bank’s Rights Issue of 14,286,785,417 ordinary shares at N10.45 per share, offered on the basis of two new shares for every three existing shares held as at the close of business on March 5, 2025.
With this listing, Wema Bank’s total issued and fully paid-up share capital has risen from 21,430,178,125 to 35,573,422,872 ordinary shares of 50 kobo each.
The development strengthens the bank’s capital base and positions it for further growth, following sustained investor interest in its ongoing recapitalisation drive.
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