ADB Media Center


Jul 03 2015


Accra, 3rd July 2015 – The Agricultural Development Bank Limited (“ADB”) today announced the commencement of its Initial Public Offer to enable it to list on the Ghana Stock Exchange.

The public share offer of ADB consists of:

1. a sale of 74,888,369 existing ordinary shares of no par value at GHS 2.65 per share;
2. an offer for subscription of 75,471,698 new ordinary shares of no par value at GHS 2.65 per share issued and fully paid; and
3. a listing by introduction of 80,563,155 existing ordinary shares (collectively “the ADB Shares”) on the Ghana Stock Exchange.

Shares can be bought at any ADB branch, any Standard Chartered Bank branch, IC Securities (Ghana) Limited or any Licensed Dealing Member of the Ghana Stock Exchange. Each application under the IPO must be for a minimum of 100 ADB Shares amounting to GHS 265.00 and in multiples of 10 ADB Shares thereafter.

The timetable for the IPO is as follows:

 Offer Open: 3rd July 2015 9:00am
 Offer Close: 21st August 2015 5:00pm

Further details on the IPO are contained in the Offer Prospectus which can be obtained from any ADB branch, any Standard Chartered Bank branch, IC Securities (Ghana) Limited, any Licensed Dealing Member of the Ghana Stock Exchange or

Before deciding whether to apply for the ADB Shares, you should consider whether the ADB Shares are a suitable investment for you. Their value can go down as well as up. Past performance is not necessarily indicative of future performance. If you need advice, you should consult a suitable professional advisor.

For more information on the IPO kindly check 



prosper donku By Guest on Jul 23 2015 at 7:24 PM
please what are the requirement if you don\'t have account with ADB
Enquiry on buying of shares By Guest on Aug 06 2015 at 10:25 AM
what is the minimum amount to buy shares and also are there any special requirements? Do i necessarily need to have an account before buying shares?
Mr By Guest on Aug 07 2015 at 1:01 PM
It\'s a public offering and not necessarily for customers. Go ahead to any of the listed entities (adb, scb, ics, etc) and buy a minimum of 100 shares and thereafter in multiples of 10 at GHc2.65 a share.
Relaunch By Guest on Aug 20 2015 at 12:48 PM
When will the IPO relaunch and how long will it be open for once it does?
ADB SHARES By Guest on Aug 29 2015 at 8:09 PM
Share Forms at Kade Branch By Guest on Sep 09 2015 at 11:34 PM
i have been to the Kade Branch severally to pick up forms for the IPO. I always get the same response. Forms not availble. When are the forms going to be available as the closing date approaches
closing date for the ipo By Guest on Sep 10 2015 at 8:18 AM
Pls the date on the website says it\'s closed but I heard the announcement on radio today. Want to find out if a new offer has been opened
ipo By Guest on Sep 11 2015 at 5:13 PM
is the offer going to be reopened?
By Guest on Oct 21 2015 at 12:04 PM
I wanted to buy a share for this year but unfortunately for me the time duration is already pass,please I wish to know when and how fast it is going to be reopened,thank you.
By Guest on Nov 06 2015 at 7:56 AM
Is the offer still open ?
Please when will the PUBLIC OFFER (\ By Guest on Jan 10 2016 at 7:41 AM
Sir, I wish to buy a share from your bank and want to know the actual date that it will be released to the public.
Thank you.
David Terkpetey
shares By Guest on Feb 04 2016 at 11:33 PM
Is there on going of selling of shares this year..
i want to buy shares By Guest on Mar 06 2016 at 5:36 PM
am told we can still buy shares

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