GETBUCKS Bank has said negotiations to recapitalise the financial institution are still in progress.

In a cautionary statement, GetBucks said shareholders should continue to exercise caution when dealing in the company’s securities until a full announcement is made.

“Further to the cautionary announcement dated April 13 2022, shareholders are advised that negotiations for a recapitalisation are in progress, the full impact of which is still being determined and if successfully concluded, may have a material effect on the price of the company’s securities,” said GetBucks’ company secretary Micheal Mnemo.