Zenith Bank’s combined offer means the bank will be raising funds through a Rights Issue and a Public Offer.
The bank is launching a combined offer to give both existing shareholders and new investors an opportunity to be part of Zenith Bank’s growth story.

All existing shareholders as at the Qualification Date (see below) are eligible to participate in the Rights Issue.

Rights are offered to only those shareholders whose names exist on the register of shareholders of Zenith Bank on the Qualification Date.

The Qualification Date is the cut-off date for the issue of rights. If your name does not appear on the register of shareholders of Zenith Bank by this date, you will not be eligible to participate in the Rights Issue. In addition, as an existing shareholder, only shares purchased prior to or by the Qualification Date, will count towards your rights allocation.

The Qualification Date for the Zenith Bank Rights Issue is 24th July 2024.

The Public Offer is open to everyone.

Zenith Bank is offering 5,232,748,964 (Five Billion, Two Hundred and Thirty-two Million, Seven Hundred and Forty-eight Thousand, Nine Hundred and Sixty-four) ordinary shares of 50 kobo each at ₦36.00 per share to existing shareholders through a Rights Issue on the basis of 1 (One) new ordinary share for every 6 (Six) ordinary shares held.

Zenith Bank is also offering 2,767,251,036 (Two Billion, Seven Hundred and Sixty-seven Million, Two Hundred and Fifty-one Thousand, and Thirty-six) ordinary shares of 50 kobo each at ₦36.50 per share to the general public through a Public Offer.

Yes, in addition to participating in the Rights Issue, you can also participate in the Public Offer.

The Rights Circular containing your number of allotted shares will be sent to you by Meristem Registrars & Probate Services.

You can purchase a minimum of 250 units of shares and thereafter, in multiples of 250 units.

The Combined Offer will be open on the 1st of August 2024 and will close on the 9th of September 2024.

Your investment in the Zenith bank Rights Issue and Public Offer:

• Increases your investment portfolio in Zenith Bank
• Makes you a co-owner of the most profitable bank in the banking sector
• Positions your investment for long term appreciation
• Ensures attractive returns on your investment
• Gives you the opportunity to share in Zenith Bank’s growth and success.

You can subscribe for the Combined Offer using any of the following channels:

• Visit any Zenith Bank branch nationwide to make payment and complete an application form. You may also visit any of the receiving banks, stockbrokers or registrar listed in the prospectus.

• You can subscribe to the Rights Issue and/or Public Offer through any of the e-channels listed below:

• Zenith Bank Internet Banking via https://www.zenithbank.com/internet-banking/
• Zenith Bank Mobile App. Download from your App store to your mobile device.
• NGX Platform via https://invest.ngxgroup.com/register
• Direct application on the Zenith Bank Website.

To get more details on the Combined Offer, please visit our website www.zenithbank.com to view the Offer documents.

In addition, you can contact our Investor Relations team on 0201-2787700, or send an email to investorrelations@zenithbank.com for further information on the offer.

Zenith Bank advises you to consult an independent financial adviser prior to making any investment decisions.

For full details on how investors in the diaspora can participate in the Combined Offer, kindly contact Quantum Zenith Securities on 0201-2783169 and 0201-2781220, or send an email to diasporaoffers@quantumzenith.com.ng

Once the Combined Offer opens you should automatically receive an email from the registrar with details of your existing shareholding, your rights entitlement and your Registrar Account Number (RAN)

You can contact Meristem Registrars & Probate Services Ltd by calling 0201-2809-2503 or sending an email to zenithbankoffer@meristemregistrars.com

You require your Clearing House Number (CHN) or Registrar Account Number (RAN). Every existing shareholder has a Registrar Account Number (RAN), but not all existing shareholders have a Clearing House Number (CHN).

Yes. On any of the subscription channels for the Offer, simply provide the required information and select your preferred stockbroker, who will facilitate the account creation for you. Or, if you already have a stockbroker, kindly contact them for your CHN.

Once the Offer opens, every existing shareholder will receive details of their allotments along with their RAN from the registrar. If you do not receive this email notification, kindly use the search engine at the top of this page to retrieve your RAN.

Yes, when accepting your allocated Rights, you can also apply for additional Rights. Kindly note that in the event of an oversubscription of the Rights Issue, additional Rights will be allotted on a pro-rata basis. Any payment made for Rights not allotted will be refunded.

As an existing shareholder you can trade any Rights you do not wish to take up. Kindly contact your stockbroker to guide you on the process. Rights not taken up or traded during the offer period will be deemed renounced.

An allocation notification will be sent to your registered email address upon receipt of final regulatory approvals for the Rights Issue and Public Offer. Please note final regulatory approvals could take up to two months after the offer application period has ended

You can contact the Investor Relations team on 0201-2787700, or send an email to investorrelations@zenithbank.com.