Solid response to NTB’s 2010 warrants (shares)

Nations Trust Bank PLC (NTB) said this week its recently concluded conversion of “2010 Warrants” issued by the bank was an overwhelming success. Under this nearly 42 million shares were on offer for conversion and the issue was oversubscribed by 12 million shares with warrant holders applying for 54 million shares.

In February 2008, NTB issued two types of share warrants attached to its rights issue of shares.
These warrants would be converted into shares in 2010 and 2011, respectively.