Steps Diamond Bank Shareholders Must Take for Consideration of Cash, Access Bank Shares

By Dipo Olowookere

When Diamond Bank and Access Bank announced their merger, the boards of both companies said as part of the deal, shareholders of Diamond Bank Plc would receive a consideration of N3.13k per share, comprising of N1.00 per share in cash and the allotment of two new Access Bank ordinary shares for every seven Diamond Bank ordinary shares held as at the implementation date, December 13, 2018.

Earlier this month, shareholders of the two banks approved the merger at their separate court-ordered meetings in Lagos.

With the court approving the union few days ago, all is now set for Diamond Bank shareholders to get what they were promised.

However, to receive the cash and shares of Access Bank, some steps to be taken have been highlighted by Business Post.

The first step is visiting the website of the Registrars of Access Bank, United Securities Limited, on www.unitedsecuritieslimited.com.

The second step is to click on the Downloads section of the website and then click on the Diamond Bank Shareholder Mandate Form, which is directly below Customer Records Amendment Form and directly above E-bonus Request Form in the Download section.

The third step is to download and save the Diamond Bank Shareholder Mandate Form on your device.

The fourth step is to fill the Diamond Bank Shareholder Mandate Form with the required details. (a specimen of the Diamond Bank Shareholder Mandate Form can be view below this post).

The last step is to send the completed Diamond Bank Shareholder Update Form either to [email protected] or directly to the office of United Securities Limited located on Plot 009, Amodu Ojikutu Street, Off Saka Tinubu, Victoria Island, Lagos, where the details would be verified and the cash payment made and the Access Bank shares allotted to beneficiaries.