|
|
| Company Profile |
| Name |
First Bank of Nigeria plc Heritage Fund |
| Security Type |
Managed Fund |
| Ticker |
FBNHERITAG |
| Reuters Code |
|
| ISIN |
|
| Number of Employees |
8,757 |
| Address |
Samuel Asabia House 35 Marina |
| P.O. Box 5216 |
| Lagos, Nigeria |
| Website |
www.firstbanknigeria.com |
| Phone |
2663562 |
| Fax |
2665933 |
| Email |
fbn@firstbanknigeria.com |
| Nature of Business |
First Bank of Nigeria is one of the Nigeria's oldest financial institutions founded in 1894 as Bank of British WestAfric a and listed on the Nigeria Stock Exchange in 1971. The bank currently has the largest network in the country and a l s o o ffers offshore financial services through it London branch. The banks assets are in the excess of N100billion. |
| Summary of the Offer |
| Offer Type |
Initial Public Offering |
| Offer Method |
Offer for Subscription |
| Purpose |
|
| Utilization of Proceeds |
|
| Target Investors |
|
| Important highlights of the issue |
| Par Value of each share |
NGN 100 |
| Authorised Share Capital |
50,000,000 |
| Fully Paid Share Capital |
0 |
| Shares Offered for Sale |
50,000,000 |
| % of Fully Paid Shares Offered for Sale |
|
| Offer Price per Share |
NGN 100.00 |
| Price Earning (PE) Ratio at Offer Price |
196.08 |
| Dividend Yield at Offer Price |
-- |
| Important dates and times |
| Offer Open Date |
Monday, Nov 19, 2007 |
| Offer Close Date |
Friday, Dec 28, 2007 |
| Results of Allocation Announced |
Pending |
| Commencement of Trading on Nigeria Stock Exchange |
Pending |
| Key Numbers |
| Fiscal Year End |
31st March |
| Currency |
Nigeria-Niara (NGN) |
| Sales (in millions) |
160,978.00 |
| 1 Year Sales Growth |
+29.66% |
| Annual Income Summary (in millions except EPS data) |
|
March 31, 2009 |
March 31, 2008 |
-- |
March 31, 2006 |
| Sales |
160,978.00 |
124,156.00 |
-- |
67,440.00 |
| Pre-Tax Income |
27,686.00 |
47,906.00 |
-- |
21,833.00 |
| Net Income |
12,569.00 |
36,679.00 |
-- |
17,383.00 |
| Average Shares |
24,862.54 |
13,691.00 |
-- |
1,976.00 |
| EPS |
0.51 |
2.67 |
-- |
3.33 |
| Total DPS |
-- |
-- |
-- |
1.00 |
| Quarterly Income Summary (in millions except EPS data) |
|
March 31, 2010 |
-- |
-- |
June 30, 2009 |
| Sales |
40,133.00 |
-- |
-- |
39,533.00 |
| Cost of Goods |
-- |
-- |
-- |
-- |
| Gross Profit |
40,133.00 |
-- |
-- |
39,533.00 |
| Pretax Income |
15,420.00 |
-- |
-- |
13,654.00 |
| Net Income |
12,336.00 |
-- |
-- |
13,654.00 |
| Average Shares |
29,006.30 |
-- |
-- |
-- |
| EPS |
0.43 |
-- |
-- |
-- |
| Annual Balance Sheet Summary (in millions) |
|
March 31, 2009 |
March 31, 2008 |
-- |
March 31, 2006 |
| Cash & Equivalents |
-- |
-- |
-- |
50,992.00 |
| Total Current Assets |
-- |
-- |
-- |
328,888.00 |
| Total Liabilities |
-- |
-- |
-- |
552,547.00 |
| Share Holder Equity |
-- |
-- |
-- |
62,293.00 |
| Long Term Debt |
-- |
-- |
-- |
-- |
| Annual Consolidated Cash Flow (in millions) |
|
March 31, 2009 |
March 31, 2008 |
-- |
March 31, 2006 |
| Net cash flows generated from (used in) in operating activities |
234,301.00 |
6,337.00 |
-- |
104,783.00 |
| Net cash flows generated from (used in) in investing activities |
-23,355.00 |
6,141.00 |
-- |
-40,703.00 |
| Net cash flows generated from (used in) in financing activities |
-23,867.00 |
241,058.00 |
-- |
-5,645.00 |
| Latest Company Press Releases |
| FIRSTBANK BIG OFFER OPENS |
| First Bank of Nigeria plc - 14 May, 2007 |
| The widely expected First Bank of Nigeria Plc N100 billion Rights Issue and Public Offer of ordinary shares, the biggest offer in the history of Nigeria’s capital market, opens on Monday, May 14, 2007 and closes on Thursday, June 21, 2007. |
| Latest Company News |
| No Company News at this time. |
| Company Market Announcements |
| No Company Market Announcements at this time. |
|
First Bank of Nigeria plc Heritage Fund Prospectus