{"id":276442,"date":"2016-12-13T13:06:27","date_gmt":"2016-12-13T13:06:27","guid":{"rendered":"http:\/\/citifmonline.com\/?p=276442"},"modified":"2016-12-13T13:06:27","modified_gmt":"2016-12-13T13:06:27","slug":"adb-lists-commences-trading-on-gse","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/","title":{"rendered":"ADB lists & commences trading on GSE"},"content":{"rendered":"

After several attempts to list on the Ghana Stock Exchange (GSE) the Agricultural Development Bank (ADB) yesterday, 12 December, 2016 succeeded in its attempt to enlist on the local bourse.<\/p>\n

The bank’s Initial Public Offer (IPO) on a number of occasions was put on hold following agitations from a number of stakeholders, including workers of the bank and labor unions including the Union of Commerce, Industry and Finance workers (UNICOF).<\/p>\n

The bank however early this month successfully raised about 326 million cedis through its IPO.<\/p>\n

[contextly_sidebar id=”KRrZrDqHHOzNFu6CCJHnQCpwQStzFNaw”]The bank was expecting to raise about 380 million cedis from the offer.<\/p>\n

A statement from ABD and copied exclusively to\u00a0citibusinessnews.com<\/strong>\u00a0indicated that, \u201cthe proceeds raised from the Offer was the sum of GHS325, 784,952.70 relative to the expected proceeds of GHS 383,713,995.10.\u201d<\/p>\n

This also represents about 85 percent subscription level.<\/p>\n

\u201cThe ADB IPO is one of the largest IPOs ever undertaken on the Ghana Stock Exchange and demonstrates the continued development of the Ghanaian public markets,\u201d the statement added.<\/p>\n

Citi Business News also understands that a total of 405 applications were made for shares in the IPO with majority of the applications, by number (400), being made by Ghanaian retail investors.<\/p>\n

As at 8 am on Tuesday, the ADB stock had begun trading on the local bourse at 2 cedis 65 pesewas.<\/p>\n

The share price inched up to 2 cedis 85 pesewas with 3,000 shares traded by 11;53 am\u00a0 on the same day.<\/p>\n

Following its listing on the Ghana Stock Exchange the bank’s shareholding composition\u00a0 is now, Bank of Ghana 9.5 percent, which is among five other institutional investors with stakes in ADB.<\/p>\n

The other major investors include the Government of Ghana \u2013 32.296 percent; Belstar Capital -24 percent; Starmount Development Company Limited -11 percent.<\/p>\n

Others are; SIC Financial Services \u2013 10 percent and EDC Capital \u2013 6 percent.<\/p>\n

–<\/p>\n

By:\u00a0 Vivian Kai Lokko\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

After several attempts to list on the Ghana Stock Exchange (GSE) the Agricultural Development Bank (ADB) yesterday, 12 December, 2016 succeeded in its attempt to enlist on the local bourse. The bank’s Initial Public Offer (IPO) on a number of occasions was put on hold following agitations from a number of stakeholders, including workers of […]<\/p>\n","protected":false},"author":14,"featured_media":211824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171],"tags":[],"yoast_head":"\nADB lists & commences trading on GSE - 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\/2016\/12\/adb-lists-commences-trading-on-gse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB lists & commences trading on GSE - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"After several attempts to list on the Ghana Stock Exchange (GSE) the Agricultural Development Bank (ADB) yesterday, 12 December, 2016 succeeded in its attempt to enlist on the local bourse. The bank’s Initial Public Offer (IPO) on a number of occasions was put on hold following agitations from a number of stakeholders, including workers of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-13T13:06:27+00:00\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/\",\"url\":\"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/\",\"name\":\"ADB lists & commences trading on GSE - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2016-12-13T13:06:27+00:00\",\"dateModified\":\"2016-12-13T13:06:27+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ADB lists & commences trading on GSE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ADB lists & commences trading on GSE - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/","og_locale":"en_US","og_type":"article","og_title":"ADB lists & commences trading on GSE - Citi 97.3 FM - Relevant Radio. Always","og_description":"After several attempts to list on the Ghana Stock Exchange (GSE) the Agricultural Development Bank (ADB) yesterday, 12 December, 2016 succeeded in its attempt to enlist on the local bourse. The bank’s Initial Public Offer (IPO) on a number of occasions was put on hold following agitations from a number of stakeholders, including workers of […]","og_url":"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2016-12-13T13:06:27+00:00","author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/","url":"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/","name":"ADB lists & commences trading on GSE - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2016-12-13T13:06:27+00:00","dateModified":"2016-12-13T13:06:27+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2016\/12\/adb-lists-commences-trading-on-gse\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"ADB lists & commences trading on GSE"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/276442"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=276442"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/276442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media\/211824"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=276442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=276442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=276442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}