| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Skye Bank Shelter Fund |
| Security Type | Ordinary |
| Ticker | SKYESHELT |
| Reuters Code | |
| ISIN | NGSKYESHELT8 |
| Number of Employees | |
| Address | 3 Akin Adesola Street |
| Victoria Island Lagos, Nigeria | |
| Website | www.skyebankng.com |
| Phone | +234-01-262-7760-9 |
| Fax | +234-01-262-7598 |
| Nature of Business | The Skye Shelter Fund (SSF), which is constituted under a Trust Deed, is a close-ended REIT scheme designed as a platfor m to pool together resources from diverse investors interested primarily in exploring investment opportunities in real e state business but either lack sufficient capital to stand alone or lack the time and /or expertise to act on its ow n fo r a profitable management. The SSF would be dedicated to development and/or acquisition of high quality stock of p rop ert ies (residential estates, commercial properties and other investment properties) in select locations across the fede rati on. The SSF shall also make opportunistic investments in joint venture developments with reputable developers on a case by case basis as the Trustees and the Fund Managers deem fit. As a close-ended Fund, subscriptions can b e made durin g this Offer at the Offer price through the Fund Manager or any other receiving agent duly approved by SEC . The F und Man ager may issue additional Units of the Fund to subscribers on demand after this Offer of Units has been fully su bscribed , subject to the approval and registration of the additional Units by the Commission. |
| Offer Type | Initial Public Offering |
| Offer Method | Offer for Subscription |
| Purpose | The Skey Shelter Fund is designed for investors seeking to maximize their returns from a well diversified portfolio comprising high quality stock of middle income class and commercial properties developed for immediate sale or held as mortgage investment properties within the medium and upper-medium income sections of commercial centres in Nigeria; as well as in other securities approved by the SEC and the Trustees. |
| Utilization of Proceeds | All application monies will be retained in a separate bank account with the Receiving Bank pending allotment. If any application is not accepted, or is accepted for fewer Units than the number applied for, a crossed cheque for the full amount or the balance of the amount paid (as the case may be) will be returned by registered post within 5 (five) working days of allotment. A unit certificate in respect of units allotted will be sent by registered post not later than 15 (fifteen) working days from the date of allotment. |
| Target Investors | The Fund is open to individuals, companies, societies, PFAs and their clients. The Fund also welcomes the participation of foreign and non-resident investors. |
| Par Value of each share | NGN 100 |
| Authorised Share Capital | 20,000,000 |
| Fully Paid Share Capital | 20,000,000 |
| Shares Offered for Sale | 20,000,000 |
| % of Fully Paid Shares Offered for Sale | 100.00% |
| Offer Price per Share | NGN 100.00 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Monday, July 23, 2007 |
| Offer Close Date | Wednesday, Aug 29, 2007 |
| Allocation Begin Date | Wednesday, Sep 12, 2007 |
| Allocations End Date | Wednesday, Oct 03, 2007 |
| Results of Allocation Announced | Monday, Oct 08, 2007 |
| Crediting of CDS Accounts with Shares | Friday, Oct 12, 2007 |
| Dispatch of Share Certificates | Monday, Oct 15, 2007 |
| Commencement of Trading on Nigeria Stock Exchange | Monday, Oct 22, 2007 |
| Key Numbers | |
| Fiscal Year End | |
| Currency | -- (--) |
| Sales (in millions) | -- |
| 1 Year Sales Growth | -- |
| Annual Income Summary (in millions except EPS data) | ||||
| -- | -- | -- | -- | |
| Sales | -- | -- | -- | -- |
| Pre-Tax Income | -- | -- | -- | -- |
| Net Income | -- | -- | -- | -- |
| Average Shares | -- | -- | -- | -- |
| EPS | -- | -- | -- | -- |
| 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) | ||||
| -- | -- | -- | -- | |
| Cash & Equivalents | -- | -- | -- | -- |
| Total Current Assets | -- | -- | -- | -- |
| Total Liabilities | -- | -- | -- | -- |
| Share Holder Equity | -- | -- | -- | -- |
| Long Term Debt | -- | -- | -- | -- |
| Annual Consolidated Cash Flow (in millions) | ||||
| -- | -- | -- | -- | |
| Net cash flows generated from (used in) in operating activities | -- | -- | -- | -- |
| Net cash flows generated from (used in) in investing activities | -- | -- | -- | -- |
| Net cash flows generated from (used in) in financing activities | -- | -- | -- | -- |
Shelter Fund Prospectus |
| Skye Bank Shelter Fund |
|
Shelter Fund Abridged Prospectus |
| Skye Bank Shelter Fund |
| Skye Shelter fund |
| Skye Bank Shelter Fund - 23 Aug, 2007 |
| Skye Shelter fund offer for subscription 20,000,000 units of N100.00 each at par (being the 1st Tranche of the N5bn Skye Shelter Fund) payable in full on application. Application List Opens on 23rd July, 2007 and closes on 29th August, 2007. |