Access Holdings Extends Rights Issue Acceptance Period to August 23, 2024

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Access Holdings Plc has announced an extension of the acceptance period for its ongoing Rights Issue, now set to close on August 23, 2024, instead of the initial deadline of August 14, 2024. The extension was approved by the Securities & Exchange Commission (SEC).

In a statement signed by the Group’s Company Secretary, Sunday Ekwochi, the decision to extend the deadline was attributed to the recent nationwide protests that disrupted business operations across Nigeria. The extension is intended to give shareholders additional time to subscribe to their rights.

The company also noted that during the extended period, dealings by insiders on the company’s shares will remain strictly limited to participation in the Rights Issue. This follows guidelines set during the Non-Dealing Period related to the company's Audited Interim Financial Statements for the period ending June 30, 2024. Insider dealings will continue to be restricted until 24 hours after the publication of the Interim Financial Statements.

Shareholders and prospective investors seeking further information regarding the Rights Issue are encouraged to contact Access Holdings' Investor Relations team at Investor.Relations@theaccesscorporation.com.

About Access Holdings Plc:

Access Holdings Plc is a leading multinational financial services group headquartered in Lagos, Nigeria. It offers a wide range of services, including commercial banking, lending, payments, insurance, and asset management. The Group operates through over 700 branches and service outlets across three continents, 22 countries, and serves more than 60 million customers.

Established in 2022, Access Holdings transitioned into a holding company to accelerate growth and offer a full range of interconnected financial services. The Group includes Access Bank Group, Access Pensions, a Payment and Switching Services Company, a Digital Lending Company, and an Insurance Brokerage Company. Access Bank is recognized as one of Africa’s largest retail banks by customer base and Sub-Saharan Africa’s largest bank by total assets.

Access Holdings is committed to delivering sustainable economic growth that is profitable, environmentally responsible, and socially relevant, helping customers achieve their dreams.