| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Fidelity Bank plc |
| Security Type | Ordinary |
| Ticker | FIDELITYBK |
| Reuters Code | |
| ISIN | NGFIDELITYB5 |
| Number of Employees | 4,059 |
| Address | 2, Kofo Abayomi Street |
| Victoria Island, Lagos, Nigeria | |
| Website | www.fidelitybankplc.com |
| Phone | +234-01-2610408-12 |
| Fax | |
| Service.excellence@fidelitybankplc.com | |
| Nature of Business | Fidelity Bank Plc is one of Nigeria's 25 consolidated banks. In nearly 20 years of operation, Fidelity Bank has been rep uted for Integrity and Professionalism . The Fidelity Bank Group comprise of Fidelity Bank Plc and four subsidiari e s namely: Fidelity Union Securities Limited, FUSL Insurance Brokers Limited, FUSL Nominees Limited and Fidelity Pensio n Managers Limited. Fidelity Bank plc is engaged in the business of universal banking. Since commencement of opera tio n 19 years ago, the Bank has acquired varied experience in both merchant and commercial banking activities and has c onst antly been restructuring and repositioning its operations as new challenges arise to withstand the dynamism and com petit iveness of the banking industry in order to meet the needs of customers and increase returns to shareholders. |
| Offer Type | Public Offer | ||||||||||||||||||||||||
| Offer Method | Offer for Subscription | ||||||||||||||||||||||||
| Purpose | The Offer is being undertaken to expand retail infrastructure and branch network, expand product distribution capabilities in the electronic banking space and deepen participation in Power, Oil & Gas, Real Estate and Telecommunications sectors. | ||||||||||||||||||||||||
| Utilization of Proceeds | The net proceeds of the total Offer N45,320,428,871.91 (after deducting the total cost of the Offer, which is estimated at N2,679,571,128.09 or 5.58% of the offer proceeds) will be utilized for branch expansion, Information Technology and enhancement of the bank’s working capital. The net proceeds is expected to be utilized as follows:
*Details of Branch Expansion |
||||||||||||||||||||||||
| Target Investors | |||||||||||||||||||||||||
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 25,000,000,000 |
| Fully Paid Share Capital | 16,463,686,111 |
| Shares Offered for Sale | 5,501,100,421 |
| % of Fully Paid Shares Offered for Sale | 33.41% |
| Offer Price per Share | NGN 8.00 |
| Price Earning (PE) Ratio at Offer Price | 160.00 |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Thursday, Sep 27, 2007 |
| Offer Close Date | Friday, Nov 09, 2007 |
| Allocation Begin Date | Friday, Nov 23, 2007 |
| Allocations End Date | Monday, Dec 31, 2007 |
| Results of Allocation Announced | Thursday, Jan 03, 2008 |
| Dispatch of Share Certificates | Friday, Jan 18, 2008 |
| Dispatch of refund checks (if applicable) | Friday, Jan 04, 2008 |
| Commencement of Trading on Nigeria Stock Exchange | Thursday, Jan 24, 2008 |
| Key Numbers | |
| Fiscal Year End | 30th June |
| Currency | Nigeria-Niara (NGN) |
| Sales (in millions) | 50,586.09 |
| 1 Year Sales Growth | +45.64% |
| Annual Income Summary (in millions except EPS data) | ||||
| June 30, 2009 | June 30, 2008 | June 30, 2007 | June 30, 2006 | |
| Sales | 50,586.09 | 34,733.89 | 17,444.18 | 8,723.09 |
| Pre-Tax Income | 3,768.41 | -2,122.63 | 5,111.36 | 3,673.40 |
| Net Income | 1,430.76 | -5,071.96 | 4,714.28 | 3,218.62 |
| Average Shares | 28,962.59 | 28,962.59 | 16,463.69 | 16,463.69 |
| EPS | 0.05 | 0.46 | 0.29 | 0.19 |
| Total DPS | -- | 0.60 | -- | 0.11 |
| 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) | ||||
| June 30, 2009 | June 30, 2008 | June 30, 2007 | June 30, 2006 | |
| Cash & Equivalents | -- | -- | -- | 12,224.96 |
| Total Current Assets | -- | -- | -- | 72,293.47 |
| Total Liabilities | -- | -- | -- | 95,247.72 |
| Share Holder Equity | -- | -- | -- | 25,664.72 |
| Long Term Debt | -- | -- | -- | -- |
| Annual Consolidated Cash Flow (in millions) | ||||
| June 30, 2009 | June 30, 2008 | June 30, 2007 | June 30, 2006 | |
| Net cash flows generated from (used in) in operating activities | -8,673.37 | 58,954.35 | 59,815.11 | 44,092.50 |
| Net cash flows generated from (used in) in investing activities | -15,944.50 | -14,083.93 | -3,681.95 | -1,095.81 |
| Net cash flows generated from (used in) in financing activities | -8,786.96 | 93,807.62 | -2,074.29 | 11,201.83 |
Fidelity Bank plc Abridged Prospectus |
| Fidelity Bank plc |
|
Fidelity Bank Plc Full Prospectus |
| Fidelity Bank plc |
|
Fidelity Bank plc Rights Form |
| Fidelity Bank plc |
| FIDELITY BANK PUBLIC OFFER OPENS TODAY |
| Fidelity Bank plc - 27 Sep, 2007 |
| The much-awaited Fidelity Bank Public Offer opens nationwide today, following the approval of the Offer by all the relevant regulatory bodies in the country. |
| FIDELITY BANK PUBLIC OFFER OPENS TODAY |
| Fidelity Bank plc - 27 Sep, 2007 |
| The much-awaited Fidelity Bank Public Offer opens nationwide today, following the approval of the Offer by all the relevant regulatory bodies in the country. |