Saturday Jul 04, 2026
Saturday Jul 04, 2026
Friday, 3 July 2026 00:05 - - {{hitsCtrl.values.hits}}
Nations Trust Bank PLC yesterday announced the latest quarterly conversion window for holders of its ordinary non-voting convertible shares to reclassify their holdings into ordinary voting shares, with the next conversion based on shareholdings as at 30 September 2026.
In a notice to shareholders, the bank said the thirty-fourth quarterly conversion exercise will commence on the last market day of the quarter ending 30 September, in line with the terms set out in the circular issued in December 2017 relating to its Rights Issue of Ordinary Non-Voting Convertible Shares.
Shareholders holding ordinary non-voting convertible shares at the close of trading on 30 September will be eligible to exercise their option to convert those shares into ordinary voting shares, gaining the associated voting rights.
The bank said shareholders wishing to convert their holdings must submit the prescribed “Application for Conversion” and “Letter of Authorisation to CDS” to the registrars, P W Corporate Secretarial Ltd., on or before 5 October 2026.
The required application forms can be downloaded from the bank’s website under the Investor Relations section.
Applications received after the deadline will not be processed during the current quarter but will instead be carried forward to the conversion cycle for the quarter ending 31 December 2026, based on shareholders’ holdings at the end of that quarter.
The bank also noted that applications submitted during the period between the end of one calendar quarter and the close of the subsequent application window will similarly be processed at the end of the following quarter.
Nations Trust Bank said the conversion and reclassification process will be completed within 22 market days from the end of the relevant quarter.
The bank added that conversions remain subject to the applicable laws and regulations governing the maximum holding of voting shares by a shareholder in a licensed commercial bank.
