Wires

Ghana's StanChart to offer 96 mln-share bonus issue

ACCRA, Oct 10 (Reuters) - Standard Chartered Bank Ghana

will offer a bonus issue of more than 96 million sharesto its existing shareholders in a move to broaden shareholderbase and raise liquidity, the bank said in a statement onWednesday.

"Following the approval by Standard Chartered Bank GhanaLimited shareholders...the company is pleased to announce abonus issue of 96,256,070 ordinary shares of no par value," readthe statement released via the Ghana Stock Exchange.

The issue will be in a ratio of five new shares for everyone existing share held. Investors must hold shares before anex-bonus date of November 9 to qualify for the bonus issue, thestatement said.

The bank's net profit for the first half of 2012 rose 46percent compared to the same period in 2011, the company said inJuly.

(Reporting by Christian Akorlie; Editing by Joe Bavier)

((joe.bavier@thomsonreuters.com)(+225 07074101))

Keywords: STANDCHART GHANA/SHARES