Share Reconstruction: Wema Bank Shares Placed On Full Suspension

March 13, 2022/NGX

Trading in the shares of Wema Bank Plc (the Bank) was suspended Tuesday, 8 March 2022.

The suspension is necessary to prevent trading in the shares of the Bank in preparation for the share reconstruction of the Bank’s issued and fully paid shares from 38,574,466,082 ordinary shares of 50 Kobo each to 12,858,155,360 ordinary shares of 50 Kobo each in the ratio of one (1) for every three (3) shares held.