| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | First Inland Bank plc |
| Security Type | Ordinary |
| Ticker | FIRSTINLND |
| Reuters Code | |
| ISIN | NGFIRSTNLND4 |
| Number of Employees | 2,829 |
| Address | 4/6 Adetokunbo Ademola Street |
| Victoria Island | |
| Lagos, Nigeria | |
| Website | www.finbank.com.ng |
| Phone | +234-01-2622472-80 |
| Fax | +234-01-2622497 |
| Nature of Business | First Inland Bank (FinBank) Plc is a merger of four indigenous banks, which started operations on 3 January 2006. The fo ur banks comprising First Atlantic Bank Plc, Inland Bank Plc, NUB International Bank Ltd. and IMB International Bank Plc , all h a d their areas of competence, which have been synchronized to form the new Bank - First Inland Bank Plc. |
| Offer Type | Public Offer | ||||||||||||||||||||||||
| Offer Method | Offer for Subscription | ||||||||||||||||||||||||
| Purpose | The purpose of the Offer is to finance the expansion of branch network, upgrade of Information Technology infrastructure, recapitalization/development of subsidiaries and working capital. | ||||||||||||||||||||||||
| Utilization of Proceeds | The estimated net proceeds of N89,636,683,797.27 after the deduction of the total Offer Costs of N4,098,651,702.73 (representing 4.37% of the total Offer proceeds) would be applied as follows:
* Brass, Lagos House of Assembly, Oyingbo, Artillery Junction - PH, Nnewi, Ihiala, Okigwe, Otta, Ugbowo-Benin, Ondo, Apapara-Benin, Igbokoda, Obajana, Ashaka, Suleja, Kontagora, Osborne, Ebute-Meta/Hebert Macaulay, Oke Arin, Lekki, Mozamoza, Omuku - PH, Badagry, Kuje-FCT, Gbagada, Agege Motor Rd, Magodo-CMD Road, Ikorodu, Mile 12/Ketu, Okija, New Bussa, Ayangba, Laranto, Sanunaka, Giragiralada, Ojodu/Berger, Ogudu, Adeola Odeku-VI, Enowa, Kofo Abayomi-VI ** First Inland Securities and Asset Management Limited, First Inland Mortgage Limited, First Inland Capital Limited, First Inland Registrars Limited and Yankari Insurance Limited |
||||||||||||||||||||||||
| Target Investors | |||||||||||||||||||||||||
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 16,000,000,000 |
| Fully Paid Share Capital | 9,688,630,000 |
| Shares Offered for Sale | 5,000,000,000 |
| % of Fully Paid Shares Offered for Sale | 51.61% |
| Offer Price per Share | NGN 9.50 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Thursday, Jan 03, 2008 |
| Offer Close Date | Thursday, Jan 31, 2008 |
| Allocation Begin Date | Thursday, Feb 14, 2008 |
| Allocations End Date | Thursday, Mar 27, 2008 |
| Results of Allocation Announced | Thursday, Mar 27, 2008 |
| Crediting of CDS Accounts with Shares | Thursday, April 17, 2008 |
| Dispatch of Share Certificates | Friday, April 04, 2008 |
| Dispatch of refund checks (if applicable) | Friday, April 04, 2008 |
| Commencement of Trading on Nigeria Stock Exchange | Monday, April 28, 2008 |
| Key Numbers | |
| Fiscal Year End | 31st December |
| Currency | -- (--) |
| Sales (in millions) | -- |
| 1 Year Sales Growth | -- |
| Annual Income Summary (in millions except EPS data) | ||||
| -- | April 30, 2008 | April 30, 2007 | Febuary 28, 2006 | |
| Sales | -- | 26,088.83 | 20,697.48 | 1,171.06 |
| Pre-Tax Income | -- | 1,607.87 | 3,330.67 | -10,308.16 |
| Net Income | -- | 1,074.36 | 2,715.94 | -10,346.83 |
| Average Shares | -- | 9,688.63 | 9,688.63 | -- |
| EPS | -- | 0.11 | 0.27 | -1.07 |
| Total DPS | -- | -- | -- | -- |
| 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) | ||||
| -- | April 30, 2008 | April 30, 2007 | Febuary 28, 2006 | |
| Cash & Equivalents | -- | -- | -- | -- |
| Total Current Assets | -- | -- | -- | -- |
| Total Liabilities | -- | -- | -- | -- |
| Share Holder Equity | -- | -- | -- | -- |
| Long Term Debt | -- | -- | -- | -- |
| Annual Consolidated Cash Flow (in millions) | ||||
| -- | April 30, 2008 | April 30, 2007 | Febuary 28, 2006 | |
| Net cash flows generated from (used in) in operating activities | -- | 144,620.52 | 55,836.46 | 7,613.11 |
| Net cash flows generated from (used in) in investing activities | -- | -8,688.11 | -3,098.95 | -19.25 |
| Net cash flows generated from (used in) in financing activities | -- | -- | -- | 12,544.10 |
First Inland Bank plc Full Prospectus |
| First Inland Bank plc |
|
First Inland Bank plc Abriged Prospectus |
| First Inland Bank plc |
| LISTING OF FIRST INLAND BANK PLC |
| Nigerian Stock Exchange - 26 June, 2006 |
| FIRST INLAND BANK PLC would List its 5,688,629,584 Ordinary Shares of 50 kobo each at N7.00 per share on Tuesday, June 27, 2006. |