Unity Bank/ Providus Bank Scheme of Merger Arrangement Spelts N3.18/Share

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• Or 17 Unity Bank shares for 18 shares of Providus bank

Unity Bank Plc shareholders are to receive N3.18 per share or 17 shares of Unity Bank for 18 shares of Providus bank, in the scheme of arrangement as the two financial institutions’ schedule court ordered a meeting towards finalizing their merger arrangements.

At the conclusion of the merger arrangement, the certificate of incorporation of Providus Bank Limited will be positioned to be the certificate of incorporation of the Enlarged Bank.

The information was contained in the notice of court ordered meeting by the first applicant, Providos Bank and the second applicant, Unity Bank, for the holders of the fully paid shares of Unity Bank Plc. “the Court has directed that a meeting of the holders of the fully paid up ordinary shares of Unity Bank Plc (hereinafter called the “Bank”) be convened and held for the purpose of considering and if thought fit, approving (with or without modification) a Scheme of Merger between the Bank and Providus Bank Limited (the Scheme).

The meeting is scheduled to hold at OOPL Hotel, Abeokuta, Ogun state on the 26th day of September, 2025 at 9:00am, or so soon thereafter, at which place and time all the shareholders of Unity Bank whose names appeared in the company’s register before the date of its closure are requested and expected to attend the meeting and vote.