No. The Archdiocese continues to hold 49% shareholding in the Bank. The 25% stake will be redefined to indicate that the Archdiocese is holding this portion on trust on behalf of the Parishes, religious, lay faithful that have contributed. Dilution of shares may only be considered where another Diocese or strategic investor seeks to hold its shares directly in the Bank.

No. This arrangement is not being done through the Malawi Stock Exchange. It is an internal arrangement.

No. The shares of Centenary Bank are not being offered to the general public. This is an internal arrangement where the constituents of the Archdiocese – its Parishes, religious, and lay faithful – are being invited to contribute towards the Archdiocese’s shareholding in the Bank, on the understanding that they would also be beneficiaries of future dividends that accrue to the Archdiocese from the Bank. This is a model that has been implemented by its partner shareholder Centenary Rural Development Group of Uganda, and is being replicated in Malawi following its success in Uganda.