Pursuant to the resolution for the Rights Issue which was passed at the Annual General Meeting (AGM) of CRDB Bank Plc. held on 9th May, 2015 and subsequent approvals by the regulators, the Directors of CRDB Bank Plc hereby announce the issuance of the Rights shares in the ratio of one (1) New Ordinary Share for every five (5) Ordinary Shares to the Shareholders who will be on the Bank’s Register of Members at the close of business on Thursday, 18th June 2015 (Record Date).
The Rights Issue is fully underwritten.
Timetable of Principal Events will be as follows:
|Record Date (Cut-off Date)||18th June 2015|
|Distribution of IM and PALs to Eligible Shareholders||22nd June 2015|
|Commencement of the Rights Issue||26th June 2015|
|Closing Date||16th July 2015|
|Announcement of Offer Results||10th August 2015|
|Listing and Commencement of Trading at the DSE||14th August 2015|
For more information Shareholders are advised to read the Information Memorandum and the Provisional Allotment Letter that will be posted to them. The Information Memorandum can be obtained from all CRDB Bank branches country wide, the Dar es Salaam Stock Exchange (DSE), Stock Brokers’ offices and can also be accessed through the Bank’s website, www.crdbbank.com
By Order of the Board
12th June, 2015