|
|
| Company Profile |
| Name |
United Bank For Africa plc |
| Security Type |
Ordinary |
| Ticker |
UBA |
| Reuters Code |
|
| ISIN |
NGUBA0000001 |
| Number of Employees |
13,820 |
| Address |
U.B.A House |
| 57 Marina |
| Lagos, Nigeria |
| Website |
www.ubagroup.com |
| Phone |
+234-01-2644651-700 |
| Fax |
+234-01-2642236 |
| Email |
info@ubaplc.com |
| Nature of Business |
UBA plc was incorporated on February 23, 1961 and was the first of the international banks operating in Nigeria at the t ime to be registered under Nigerian Law. Today the bank has over 700 branches and cash offices in Nigeria's major comm e r cial centers, state capitals and Federal Capital Territory with two offshore branchs in New York and Grand Cayman Is la nd . UBA plc has a strong retail franchise that has given it access to low cost and stable retail deposits in major c omm erc ial centers and enabled it to become one of the three biggest and most liquid banks in Nigeria. |
| Summary of the Offer |
| Offer Type |
Public Offer |
| Offer Method |
Offer for Subscription |
| Purpose |
To Finance: Branch Upgrade, Domestic and International Branch Roll-Out in Francophone Zone and West African Zone amongst others, ATM Rollout, Operating Resources, Office/Process Automation and Non-ATM Electronic Channels. |
| Utilization of Proceeds |
The estimated net issue proceeds of N50.90 billion from the Total Offer representing a new issue proceed fo N37,288,755,000 for the Offer for Subscription of 1,127,400,000 ordinary shares of 50 kobo at N35 per share and N13,610,268,000 for the Rights Issue of 423,600,000 ordinary shares of 50 kobos each at N34 per share, after deduction of total Issue costs of N2.9 billion (estimated 5.50% of the gross issue proceeds), thereof will be utilised as follows:
| Projects | N billion | % |
| Branch Upgrade | 7.00 | 13.75 |
| Domestic and International Branch Roll-Out in Francophone Zones and West African Zones amongs others | 23.86 | 46.88 |
| ATM Rollout | 7.95 | 15.62 |
| Operating Resources | 7.00 | 13.75 |
| Office/Process Automation | 3.18 | 6.25 |
| Non ATM Eletronic Channels | 1.91 | 3.75 |
| Total | 50.90 | 100.00 |
|
| Target Investors |
The Offer is open to individuals, financial and non-financial institutions, companie, treasuries and societies. The Offer is also open to the participation of foreign, non-resident investors and any other investors. |
| Important highlights of the issue |
| Par Value of each share |
NGN 0.50 |
| Authorised Share Capital |
12,000,000,000 |
| Fully Paid Share Capital |
8,472,000,000 |
| Shares Offered for Sale |
1,127,400,000 |
| % of Fully Paid Shares Offered for Sale |
13.31% |
| Offer Price per Share |
NGN 35.00 |
| Price Earning (PE) Ratio at Offer Price |
350.00 |
| Dividend Yield at Offer Price |
0.29% |
| Important dates and times |
| Offer Open Date |
Thursday, Mar 01, 2007 |
| Offer Close Date |
Monday, April 09, 2007 |
| Allocation Begin Date |
Monday, April 23, 2007 |
| Allocations End Date |
Sunday, June 03, 2007 |
| Results of Allocation Announced |
Wednesday, June 27, 2007 |
| Crediting of CDS Accounts with Shares |
Friday, July 06, 2007 |
| Dispatch of Share Certificates |
Friday, July 06, 2007 |
| Dispatch of refund checks (if applicable) |
Friday, June 22, 2007 |
| Commencement of Trading on Nigeria Stock Exchange |
Monday, July 23, 2007 |
| Key Numbers |
| Fiscal Year End |
30th September |
| Currency |
Nigeria-Niara (NGN) |
| Sales (in millions) |
187,066.00 |
| 1 Year Sales Growth |
+45.97% |
| Annual Income Summary (in millions except EPS data) |
|
December 31, 2009 |
September 30, 2008 |
September 30, 2007 |
September 30, 2006 |
| Sales |
187,066.00 |
128,151.00 |
80,808.00 |
63,493.00 |
| Pre-Tax Income |
10,468.00 |
48,267.00 |
25,364.00 |
12,811.00 |
| Net Income |
6,206.00 |
41,063.00 |
21,441.00 |
11,550.00 |
| Average Shares |
21,556.00 |
13,134.00 |
8,226.00 |
6,169.00 |
| EPS |
0.10 |
3.14 |
2.61 |
1.87 |
| Total DPS |
0.10 |
1.00 |
-- |
1.00 |
| Quarterly Income Summary (in millions except EPS data) |
|
-- |
-- |
-- |
-- |
| Sales |
-- |
-- |
-- |
-- |
| Cost of Goods |
-- |
-- |
-- |
-- |
| Gross Profit |
-- |
-- |
-- |
-- |
| Pretax Income |
-- |
-- |
-- |
-- |
| Net Income |
-- |
-- |
-- |
-- |
| Average Shares |
-- |
-- |
-- |
-- |
| EPS |
-- |
-- |
-- |
-- |
| Annual Balance Sheet Summary (in millions) |
|
December 31, 2009 |
September 30, 2008 |
September 30, 2007 |
September 30, 2006 |
| Cash & Equivalents |
-- |
-- |
-- |
471,494.00 |
| Total Current Assets |
-- |
-- |
-- |
824,349.00 |
| Total Liabilities |
-- |
-- |
-- |
842,170.00 |
| Share Holder Equity |
-- |
-- |
-- |
41,667.00 |
| Long Term Debt |
-- |
-- |
-- |
1,135.00 |
| Annual Consolidated Cash Flow (in millions) |
|
December 31, 2009 |
September 30, 2008 |
September 30, 2007 |
September 30, 2006 |
| Net cash flows generated from (used in) in operating activities |
-156,027.00 |
209,967.00 |
996.00 |
541,749.00 |
| Net cash flows generated from (used in) in investing activities |
-87,479.00 |
-123,553.00 |
-41,062.00 |
-57,477.00 |
| Net cash flows generated from (used in) in financing activities |
1,435.00 |
-17,803.00 |
90,309.00 |
-1,836.00 |
| Latest Company Press Releases |
| UBA, BANK PHB AND OCEANIC TOP BANKING ACTIVITY |
| United Bank For Africa plc - 29 Dec, 2006 |
| Shares of UBA, Oceanic and Bank PHB accounted for 55 percent of the banking subsector turnover for last trading of the year. Trading on the shares of the banks accounted for 209.04 million shares. |
| Latest Company News |
| No Company News at this time. |
| Company Market Announcements |
| No Company Market Announcements at this time. |
|
United Bank for Africa plc IPO Prospectus