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Access Bank shareholders to seal or reject Diamond acquisition or merger March 5

Relying on the orders of Justice O. O. Oguntoyinbo of the Federal High Court, Lagos on January 24, Access Bank has announced the holding of shareholders meeting on March 5, 2019.
The court had directed that a meeting of the holders of the fully paid-up ordinary shares of Access Bank Plc be convened and held for the purpose of considering and if thought fit, approving a Scheme of Merger between the company and Diamond Bank Plc as well as related matters.
A statement issued by Access Bank revealed that a copy of the scheme document sent to all the shareholders said the following resolutions will be proposed, and if thought fit passed as special resolutions of Access Bank.
“For purposes of identification, the publication said the scheme document dated January 24, 2019, has been endorsed by the Chairman and approved by the Directors of the bank.
“They have also given consent to any modification of the scheme that the regulatory authorities, namely Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN) or the court shall impose or approve.