Besides approving the 2016 audited financial report, when shareholders of Zenith Bank Plc meet at the Annual General Meeting (AGM) slated for March 22, 2017, they would also vote on a proposal by the directors to raise fresh N100bn in capital.
According to Reuters, the directors hope to raise the the fund via a combination of share or bond sale and global depository receipts.
The shareholders would also vote on a board proposal to double its share capital to N40bn from N20bn.