Top Stories
Fidelity Bank public offer, rights issue to open Thursday June 20
Nigeria’s 6th largest bank, Fidelity Bank Plc will on Thursday, June 20, 2024 open its public offer and Rights Issue.
As part of this capital raising process, Fidelity Bank will same Thursday, June 20, 2024 at the NGX hold a Facts Behind the Offer presentation.
According to an article posted on the Businessday website and authored by Iheanyi Nwachukwu, 3.2 billion ordinary shares of 50 kobo each will be offered in the ratio of 1 new ordinary share for every 10 ordinary shares held as of 05 January 2024, at N9.25 per share under the Rights Issue,
For the public offer, 10 billion ordinary shares of 50 kobo each will be offered to the general investing public at N9.75 per share.
Stanbic IBTC Capital is the Lead Issuing House to the Combined Offer, whilst the Joint Issuing Houses include Iron Global Markets Limited, Cowry Asset Management Limited, Afrinvest Capital Limited, FSL Securities Limited, Futureview Financial Services Limited, Iroko Capital Market Advisory Limited, Kairos Capital Limited and Planet Capital Limited.
The acceptance and application lists for the rights issue and public offer which will open on Thursday, June 20 will close on Monday July 29, 2024.
The bank recently concluded all necessary arrangements to raise a total of up to N127.100billion by way of a rights issue to existing shareholders and a public offer (the combined offer).
The combined offer is a part of the bank’s strategy to increase its share capital base in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN) on March 28, 2024.
- Top Stories21 hours ago
Rivers Crisis: Don’t Allow People To Push You To Take The Wrong Step – Wabara Warns Tinubu
- World21 hours ago
UK study visas issued to Nigerians fell by 38% year-on-year in March 2024
- News20 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 22nd June 2024
- Top Stories21 hours ago
Binance: FG Replies US Lawmakers On Tigran Gambaryan
- Top Stories18 hours ago
Breaking: Nigerians To Commence Using Three-In-One ID Card
- Business and Brands21 hours ago
Circle CEO predicts Stablecoins will account for 10% of global economy
- Entertainment21 hours ago
Davido’s Lawyer Writes Dammy Krane Over Defamation & False Accusation Of Murder
- Sports21 hours ago
CAF Announces Dates Of The Next AFCON And WAFCON