National Commercial Bank Ltd. hereby discloses that NCB Capital Markets, a wholly owned subsidiary of NCB, has taken the following decisions:
(1) to raise J$300M by way of a Public Offer of Preference Stock Units in NCB Capital Markets; and
(2) following allotment of the Preference Stock Units, to apply to JSE for the Preference Stock Units to be listed on the Exchange.
The funds raised will facilitate NCB Capital Markets’ expansion plans as the company seeks to take advantage of unrealized opportunities within its core business lines.
