Uganda, May 30 -- Bank of Baroda will next Monday (June 5) list at least 12.5 billion ordinary shares after Capital Markets Authority (CMA) approved its Bonus Issue Prospectus.

In a notice shared through the Uganda Securities Exchange (USE) at the weekend, Bank of Baroda indicated that CMA had approved its application to list additional shares, a move that had also been endorsed by USE.

The listing is expected to mobilise at least Shs125b, which will shore up the bank's capital position ahead of the 2024 Bank of Uganda deadline.

"USE has approved listing of additional 12.5 billion ordinary shares of par value [Shs10] on the official list. The listing date for the additional ordinary shares is June 5," the notice reads in part, noting t...