Standard Bank Angola Public Share Offer Raises Kz 208 Billion

Luanda — The Public Offer for Sale (OPV) of 4,760,000 ordinary shares of Standard Bank Angola, which took place from the 11th to the 25th of the current month, totaled 208.5 billion kwanzas. According to the Angola Securities Exchange (BODIVA), which announced the results on Monday (28) in Luanda, the sale of shares represents 34% of the bank's capital. In a statement, BODIVA indicated that, of the total shares 24% were reserved for existing shareholders of the Bank, while 10% for the general public. For the process in question, an overall subscription rate of 181.96% was recorded, with the general public segment standing out, having reached a demand level of 378.66%. Therefore, out of 8,683 subscription orders received, 8,183 were fulfilled. The price was set at 50,000 kwanzas per share for the general public segment and 41,220.24 kwanzas was reserved for shareholders. With this operation, Standard Bank Angola gains 6,215 new shareholders. BODIVA further announced that for Wednesday (30), all ordinary shares representing Standard Bank Angola's share capital will be admitted for trading on the Stock Exchange Market (MBA). Standard Bank Angola becomes the seventh company to be listed on BODIVA. Read the original article on ANGOP . AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Get the latest in African news delivered straight to your inbox By submitting above, you agree to our privacy policy . We need to confirm your email address. To complete the process, please follow the instructions in the email we just sent you. There was a problem processing your submission. Please try again later.