DCB Plc Rights Issue
DCB Commercial Bank Plc wishes to inform the general public that the Capital Markets and Securities Authority (CMSA) in discharging its responsibilities conferred upon it under the Capital Markets and Securities Act, Cap 79 of the Laws of Tanzania, has approved the Prospectus to raise TZS 10,741,160,430 by way of a Rights issue of 97,646,913 ordinary shares at a price of TZS 110 per share
Features of the Rights Issue are as follows:
Issuer: DCB Commercial Bank Plc
Offer Price: TZS 110 per New Share
Total Number of New Shares Offered: 97,646,913 Shares
Total Amount to be raised before expenses TZS 10,741,160,430
Ratio of Entitlement of the Offer: 1 New Share for every 1 Ordinary Share Held
OFFER TIMETABLE
- Last Trading Day : Tuesday, 05 th November 2024
- Record Date (Cut-off Date) : Friday, 08 th November 2024
- Distribution of Prospectus and PAOs to Eligible Shareholders : Monday, 11 th November 2024
- Opening of the Rights Issue : Monday, 11 th November 2024
- Closing of the Rights Issue : Friday, 6 th December 2024
- Announcement of Offer Results : Wednesday, 11th December 2024
- Submission of Registry to CSDR : Thursday,12th December 2024
- Listing and Commencement of Trading at the DSE : Wednesday, 18 th December 2024