| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Union Trustees Mixed Fund |
| Security Type | Ordinary |
| Ticker | UNIONMIXED |
| Reuters Code | |
| ISIN | |
| Number of Employees | |
| Address | |
| Website | www.uniontrusteeslimited.com |
| Phone | |
| Fax | |
| Nature of Business | Union Trustees Limited (UTL) formerly known as Barclays (Nig) Nominees Ltd was incorporated in 1966. Its main business t hen was to act as a Nominee company in whose name shares and insurance policies offered as securities to Barclays Bank ( Nig) Limited (now Union Bank of Nigeria Plc) were transferred for easy realization in case of default by the mortgagor. The company, a fully owned subsidiary of Union Bank of Nigeria Plc is duly licensed and registered by the Securities and Exchange Commission as Trustees and Fund / Portfolio Managers. Union Trustees Limited (UTL) has a paid-up share cap ital of N160million and the process of increasing it to N500 million is already at an advance stage. Our shareholders' f und is in excess of N1.67billion as at December 2007. The Company is well known as one of the most professionally-ru n Trustee Company and Funds Manager in the industry. The company's Board is headed by the Group Managing Director of Uni on Bank of Nigeria Plc as well as other seasoned and experienced Bankers and other professionals. |
| Offer Type | Initial Public Offering |
| Offer Method | Offer for Subscription |
| Purpose | |
| Utilization of Proceeds | |
| Target Investors | |
| Par Value of each share | NGN |
| Authorised Share Capital | 4,000,000,000 |
| Fully Paid Share Capital | 0 |
| Shares Offered for Sale | 4,000,000,000 |
| % of Fully Paid Shares Offered for Sale | |
| Offer Price per Share | NGN 1.00 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Wednesday, Oct 24, 2007 |
| Offer Close Date | Friday, Nov 30, 2007 |
| Allocation Begin Date | Friday, Dec 14, 2007 |
| Allocations End Date | Friday, Jan 11, 2008 |
| Results of Allocation Announced | Friday, Jan 18, 2008 |
| Crediting of CDS Accounts with Shares | Friday, Feb 08, 2008 |
| Dispatch of Share Certificates | Friday, Feb 08, 2008 |
| Commencement of Trading on Nigeria Stock Exchange | Pending |
| 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 | -- | -- | -- | -- |
United Trustee Limited Mixed Fund Prospectus |
| Union Trustees Limited |
| UNION BANK POSTS N17 BILLION PROFIT IN 6 MONTHS |
| Union Trustees Limited - 30 Sep, 2007 |
| Union Bank Group has recorded profit before tax of N17 billion for the half year ended September 30, 2007, representing 55 per cent increase, when compared with the N11 billion posted for the same period last year. |