CalBank PLC has successfully raised GH₵145 million through its renounceable rights issue.
This comes after the legal challenge against CalBank’s GH₵600 million rights issue was discontinued.
The offer involved over GH₵2 billion shares at GH₵0.29 per share, in a ratio of 1 offer share for every 0.3 existing shares held by qualifying shareholders.
Over 500 million shares were subscribed, raising a total of GH₵145 million.
This amount exceeds the minimum target of GH₵120 million but falls short of the maximum target of GH₵600 million.
The bank stated that the proceeds from the rights issue will be used to support its growth strategy and provide long-term value to shareholders.
