| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | PlatinumHabib Bank plc (Bank PHB) |
| Security Type | Ordinary |
| Ticker | PLATINUM |
| Reuters Code | |
| ISIN | NGPLATINUM07 |
| Number of Employees | 2,214 |
| Address | |
| Website | www.bankphb.com |
| Phone | |
| Fax | |
| Nature of Business | Bank PHB is the merger of Platinum Bank Plc and Habib Nigeria Bank Plc. Our strategic intent is to build a national and diversified franchise by creating superior value for our stakeholders through an unmatched superior customer service e x p erience. The brand, Bank PHB, in a refreshing way shows the direction we want to chart as an institution and a ls o in dicates what we stand for. It resonates our promise of a customer-centric enterprise that continually surpas ses th e e xpe ctation of customers and at the same time successively enhances shareholder value. Gradually but ste adil y, w e ar e em erging as one of the banks that will lead the country into the dominance of the pan African financia l sys tem. |
| Offer Type | Public Offer | ||||||||||||||||||||||||||||||||||||||||
| Offer Method | Offer for Subscription | ||||||||||||||||||||||||||||||||||||||||
| Purpose | This Offer is an essential step to enable Bank PHB implement a series of expansion strategies in line with its global objective of being a leading financial services institution. This would include financing its fast growing expansion in the near to medium term, enhancing its service delivery infrastructure, achieve diversification of its investor base to include foreign funds providers, raising its status both locally and internationally and optimizing its capital structure through a proper mix of the various tiers of capital as outlined in the Basel II accords. | ||||||||||||||||||||||||||||||||||||||||
| Utilization of Proceeds | The net proceeds from the Offer shall be used to finance Bank PHB’s growth strategy which shall entail the roll out of branches within Nigeria and Africa, enhancement of IT infrastructure, establishment of a central operational process base, fund special projects as well as provide additional working capital. The net proceeds of N81,504,005,000.00 after deducting the estimated costs of offer of N3,495,995,000.00 (representing 4.11% of gross proceeds) would be applied as follows:
* Abia (1), Abuja (14), Akwa Ibom (1), Adamawa (2), Anambra (2), Bauchi (1), Bayelsa (1), Benue (1), Borno (1),Cross River (3), Delta (5), Ebonyi (1), Edo (3), Ekiti (1), Enugu (3), Gombe (1), Imo (1), Jigawa (1), Kaduna (1), Kano (1), Katsina (1), Kebbi (1), Kwara (3), Kogi (3), Lagos (85), Nassarawa (1), Niger (1), Ogun (5), Ondo (1), Osun (4), Oyo (7), Plateau (1), Rivers (13), Sokoto (1), Taraba (1), Yobe (1), Zamfara (1) |
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| Target Investors | |||||||||||||||||||||||||||||||||||||||||
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 22,000,000,000 |
| Fully Paid Share Capital | 8,043,781,166 |
| Shares Offered for Sale | 5,000,000,000 |
| % of Fully Paid Shares Offered for Sale | 62.16% |
| Offer Price per Share | NGN 17.00 |
| Price Earning (PE) Ratio at Offer Price | -- |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Monday, Nov 19, 2007 |
| Offer Close Date | Wednesday, Dec 19, 2007 |
| Allocation Begin Date | Wednesday, Jan 02, 2008 |
| Allocations End Date | Wednesday, Jan 30, 2008 |
| Results of Allocation Announced | Wednesday, Feb 20, 2008 |
| Crediting of CDS Accounts with Shares | Wednesday, Mar 05, 2008 |
| Dispatch of Share Certificates | Wednesday, Mar 05, 2008 |
| Dispatch of refund checks (if applicable) | Wednesday, Feb 20, 2008 |
| Commencement of Trading on Nigeria Stock Exchange | Wednesday, Mar 05, 2008 |
| Key Numbers | |
| Fiscal Year End | 30th June |
| Currency | Nigeria-Niara (NGN) |
| Sales (in millions) | 82,873.85 |
| 1 Year Sales Growth | +32.46% |
| Annual Income Summary (in millions except EPS data) | ||||
| December 31, 2009 | June 30, 2008 | June 30, 2007 | June 30, 2006 | |
| Sales | 82,873.85 | 62,564.00 | 26,839.89 | 13,281.25 |
| Pre-Tax Income | -488,049.90 | 25,970.01 | 10,282.00 | 3,515.43 |
| Net Income | -400,189.87 | 19,580.58 | 7,751.16 | 1,680.16 |
| Average Shares | 20,154.99 | 7,888.35 | 6,435.03 | -- |
| EPS | -20.14 | 2.48 | 1.20 | -- |
| Total DPS | -- | 0.45 | 0.70 | -- |
| 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 | June 30, 2008 | June 30, 2007 | June 30, 2006 | |
| Cash & Equivalents | -- | -- | 188,367.50 | 75,395.13 |
| Total Current Assets | -- | -- | 331,704.53 | 134,262.15 |
| Total Liabilities | -- | -- | 345,835.42 | 129,928.69 |
| Share Holder Equity | -- | -- | 36,187.02 | 28,931.25 |
| Long Term Debt | -- | -- | -- | -- |
| Annual Consolidated Cash Flow (in millions) | ||||
| December 31, 2009 | June 30, 2008 | June 30, 2007 | June 30, 2006 | |
| Net cash flows generated from (used in) in operating activities | -- | 236,474.47 | 158,555.85 | 63,254.94 |
| Net cash flows generated from (used in) in investing activities | -- | -149,517.46 | -23,879.51 | -9,471.98 |
| Net cash flows generated from (used in) in financing activities | -- | 190,069.81 | -1,256.08 | 4,033.40 |
BankPHB pcl Full Prospectus |
| PlatinumHabib Bank plc |
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BankPHB plc Abridged Prospectus |
| PlatinumHabib Bank plc |
| BankPHB Launches new website |
| PlatinumHabib Bank plc - 22 Aug, 2007 |
| BankPHB launhes new website. The website allows customers and potential customers find information about BankPHB with so much ease. |