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Invest in Value, Invest in Zenith

Investing in value is more than just a financial decision, its the Zenith of Investing


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Zenith Bank BetaLife Promo Season 1

BetaLife Promo Season 1

Frequently Asked Questions

Why is Zenith Bank launching a combined offer?

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.

Who can participate in the Rights Issue?

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

Who can participate in the Public Offer?

The Public Offer is open to participation from the general investing public.

What is the offer size and price?

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.

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.

As an existing shareholder, can I also participate in the Public Offer?

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

How many shares will I be entitled to as an existing shareholder?

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

What does a Qualification date mean and what is the Qualification Date for 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 shares. 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.

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

How long will the Combined Offer be open for?

The offer will be open on 1st August 2024 and will close 9th September 2024.

What benefit do I get from taking part in the Zenith Bank Offer?

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’s growth and success.

How can I subscribe or apply for the offer?

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 for the Rights Issue and/or Public Offer through any of the e-channels listed below:

How can I get more details about the Zenith Bank Offer?

To get more details on our Rights Issue and Public Offer, please view the Offer documents.

In addition, you can contact our Investor Relations team on 0201-2782511 and 0201-2784241, 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.

Can I participate in the Zenith Bank Offer as a foreign individual/institution or a non-resident Nigerian?

Yes. Visit our website https://www.zenithbank.com for full details on how investors in the diaspora can participate in the offer and make payments.

How can I get in touch with the Registrar if I do not receive my Rights Circular?

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

Can I take part in the offer if I do not have a stockbroker/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.

As an existing shareholder, can I buy more than the number of Rights allotted to me?

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.

What can I do if I do not want to take up my Rights?

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

How will I know if my application to participate in the Rights Issue or the Public Offer has been successful?

An allocation notification will be sent to your registered email address upon receipt of final regulatory approvals for the Rights Issue and Public Offer.

How can I contact a representative of the Bank?

You can contact the Investor Relations team on 0201-2782511 and 0201-2784241, or send an email to investorrelations@zenithbank.com

Do you have any further questions?

Email Us: investorrelations@zenithbank.com

CONTACT US

Phone: 0201-278-7000, 0904-085-7000, 0700ZENITHBANK (0700-936-4842265).

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