{"id":145242,"date":"2015-08-21T08:55:27","date_gmt":"2015-08-21T08:55:27","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=145242"},"modified":"2015-08-21T08:55:27","modified_gmt":"2015-08-21T08:55:27","slug":"sec-awaits-communication-from-adb-on-way-forward-for-ipo","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/08\/sec-awaits-communication-from-adb-on-way-forward-for-ipo\/","title":{"rendered":"SEC awaits communication from ADB on way forward for IPO"},"content":{"rendered":"<p>The Securities and Exchange Commission (SEC) has told Citi Business News it is awaiting official communication from Agricultural Development Bank (ADB) over moves to resume their Initial Public Offering (IPO).<\/p>\n<p>[contextly_sidebar id=&#8221;c3bExj6cJEjZCHssW8fL8m3VfTfBQu5R&#8221;]According to SEC, the offer documents by ADB are still valid unless the bank makes additional changes to allow for the resumption of the IPO.<\/p>\n<p>Director General of\u00a0 the Securities and Exchange Commission, Dr Adu Anane Antwi told Citi Business News, an official communication will pave way for a new date to be set for the IPO.<\/p>\n<p>\u2018\u2019The offer has been launched already except that now that they have gotten back, management should be approaching us to reach a new date on which the\u00a0 offer will end since there has been no information to the public, it means the old document is valid.\u2019\u2019<\/p>\n<p>ADB\u2019s plan to resume its IPO follows UNICOF\u2019s decision to withdraw its suit at the Supreme Court seeking to place an injunction on the bank\u2019s IPO.<\/p>\n<p>The union had claimed that ADB failed to follow due process in preparing a prospectus to list on the Ghana Stock Exchange to sell more than 74 million existing shares and 75 million new shares.<\/p>\n<p>\u2018\u2019If there is any information that has come and is not in the prospectus, we still have a way of informing the public about it\u2019\u2019 . Dr Anane Antwi stated.<\/p>\n<p>&#8211;<\/p>\n<p>By: \u00a0Lorrencia Nkrumah\/citifmonline.com\/Ghana<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission (SEC) has told Citi Business News it is awaiting official communication from Agricultural Development Bank (ADB) over moves to resume their Initial Public Offering (IPO). [contextly_sidebar id=&#8221;c3bExj6cJEjZCHssW8fL8m3VfTfBQu5R&#8221;]According to SEC, the offer documents by ADB are still valid unless the bank makes additional changes to allow for the resumption of the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":45790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC awaits communication from ADB on way forward for IPO - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2015\/08\/sec-awaits-communication-from-adb-on-way-forward-for-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC awaits communication from ADB on way forward for IPO - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The Securities and Exchange Commission (SEC) has told Citi Business News it is awaiting official communication from Agricultural Development Bank (ADB) over moves to resume their Initial Public Offering (IPO). [contextly_sidebar id=&#8221;c3bExj6cJEjZCHssW8fL8m3VfTfBQu5R&#8221;]According to SEC, the offer documents by ADB are still valid unless the bank makes additional changes to allow for the resumption of the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2015\/08\/sec-awaits-communication-from-adb-on-way-forward-for-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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