Posted by Emeka
on December 03, 2008 at 18:32:45:
Just in the news yesterday, i learnt that Bank PHB was making an offer to shareholders of spring bank, the bank i would say has held many shareholders to ransom since they invested initially in a couple of different banks that now make up spring bank. The bank's share have since been fixed at the NSE and Bank phb doesn't want to buy from the secondary market but from the general public. Shareholders are encouraged to submit their certificates and an application form if they are interested in selling them for N7 compared to its pegged price of N5.59 on the Stock exchange. I took a trip today to First Registrars and was surprised to see the multitude of shareholders who really wanted to drop their share certificates for the anticipated cash. I wonder if Bank PHB would accept all these shares if oversubscribed.
Posted by Nwigbo
on December 15, 2008 at 11:45:27:
In Reply to: Bank php makes a N21bn bid for Spring Bank shares posted by
Emeka on December 03, 2008 at 18:32:45:
This is really helpful. At least i can now sell the shares of spring bank that i've held for so long.
Posted by Obisi
on December 15, 2008 at 11:46:15:
In Reply to: Bank php makes a N21bn bid for Spring Bank shares posted by
Emeka on December 03, 2008 at 18:32:45:
But i thought some banks have already gone to court to protest on the public bid. The matter should still be in court
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