Wema Bank boosts fully paid-up shares to 35.57bn

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• Embarks on closed period

Wema Bank Plc has listed on the NGX Exchange official list, additional 14,143,244,747 ordinary shares of 50 kobo each of the bank’s shares, further boosting the fully paid-up shares of the bank and responsibility to shareholders.

Disclosing the new listing, the NGX in its report dated 30th September 2025, signed by Godstime Iwenekhai, Head, Issuer Regulation Department, said, “Trading Licence Holders are hereby notified that an additional 14,143,244,747 ordinary shares of 50 Kobo each of Wema Bank Plc were today, Tuesday, 30 September 2025, listed on the Daily Official List of Nigerian Exchange Limited (NGX).

The Exchange disclosed that the additional shares arose from the Bank’s Rights Issue of 14,286,785,417 ordinary shares of 50 Kobo each at N10.45 per share on the basis of two (2) new shares for every existing three (3) ordinary shares held as at close of business on Wednesday, 5 March 2025.

With this new listing of 14,143,244,747 ordinary shares, the total issued and fully paid-up shares of Wema Bank Plc has now in- creased from 21,430,178,125 to 35,573,422,872 ordinary shares of 50 Kobo each.

Meanwhile Wema Bank has entered into closed period commencing 1st October 2025, as the board meets to consider the, banks third quarter accounts. In a statement dated, Lagos, 30 September 2025, titled, “NOTICE OF CLOSED PERIOD” signed by Johnson Lebile, Company Secretary/General Counsel, the bank announced that “In line with Rule 17. 17-17.18 of Nigerian Exchange Limited (NGX) Rulebook (as amended), Wema Bank Plc (the Bank) declared a Closed Period from 1st of October, 2025 till 24 hours after the Bank’s Unaudited Financial Statements for the third quarter ending 30th of September,2025 (2025 Q3 UFS) and other information have been made public through The Exchange’s Issuer’s Portal.

“Accordingly, no insiders of the Bank and their connected persons may directly or indirectly, deal (buy or sell) in the shares of the Bank in any manner during the Closed Period until twenty-four (24) hours after the release of the 2025 Q3 UFS through the Issuers’ Portal of NGX and by extension, the general public” adding that all insiders of the Bank and persons closely connected to them have been appropriately advised.