Wema Bank Plc (NGX: WEMABANK) has listed 14,143,244,747 ordinary shares of 50 Kobo each of the bank on the Daily Official List of Nigerian Exchange Limited (NGX).
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In a market bulletin to Trading Licence Holders seen by Investogist, the bank informed them that the shares were listed on Tuesday, 30 September 2025.
The additional shares arose from the Bank’s Rights Issue of 14,286,785,417 ordinary shares of 50 Kobo each at N10.45 per share on the basis of two (2) new shares for every existing three (3) ordinary shares held as at close of business on Wednesday, 5 March 2025.
With the listing of the additional 14,143,244,747 ordinary shares, the total issued and fully paid-up shares of Wema Bank Plc has now increased from 21,430,178,125 to 35,573,422,872 ordinary shares of 50 Kobo each.
Wema Bank Plc (the “Bank”) is a company domiciled in Nigeria. The address of the Bank’s registered office is 54 Marina, Lagos, Nigeria.
The Bank is primarily involved in investment, corporate, commercial and retail banking. The Bank has a wholly owned subsidiary which is WEMA Funding SPV Plc.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
