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Zenith Bank Plc Applies for Listing of its USD 850.00 Million Shares on London Stock Exchange-All Africa

Wednesday, 6 Mar 2013 03:19am EST 

All Africa reported that Zenith Bank Plc announced that it has filed an application to the London Stock Exchange (LSE) to approve the listing of Zenith Bank Plc's USD 850.00 million shares as Global Depository Receipts (GDR) on the international bourse. A GDR is a negotiable certificate held in the bank of one state representing a specific number of shares of a stock traded on an Exchange of another one. The Company also announced that shareholders of Zenith Bank Plc approved on November 21, 2012 the GDR listing on the LSE, as well as the trading on the LSE of the instrument. Finally, the Company announced that it expects the approval for the listing on LSE by the end of March 2013. 

Company Quote

0.95 +6.18%
5:10am EST