| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Dunlop Nigeria plc |
| Security Type | Ordinary |
| Ticker | DUNLOP |
| Reuters Code | |
| ISIN | NGDUNLOP0005 |
| Number of Employees | 1,200 |
| Address | Plot 23, Oba Akran Avenue |
| Ikeja Industrial Estate | |
| Lagos, Nigeria | |
| Website | www.dntyreandrubberplc.com |
| Phone | +234-01-4978910-18 |
| Fax | +234-01-4964734 |
| info@dunlopng.com | |
| Nature of Business | Dunlop Nigeria Plc has a very rich and enviable history. The company's origin is directly linked to John Boyd Dunlop, a Briton who invented the world's first practical pneumatic tyre in 1888. In 1889, a company was formed to develop the in v ention commercially. That company expanded rapidly internationally and spread its tentacles as faras Japan in 1909. Dunlop Nigeria Plc was established in 1961 as a wholly owned subsidiary of the Dunlop Group. The company traded with the name Dunlop Nigeria Industries limited before the name-change in line with the policy of indigenization. The compan y's primary business is manufacturing of quality tyres. Dunlop Nigeria Plc is a publicly quoted company. Its shares are traded on the Nigeria Stock Exchange. In terms of its equity holding structure, a greater majority of 75% of the c ompany 's shares belong to several state governments, public companies and over 30,000 private Nigerian citizens. The re maining 25% equity is held by Dunlop Africa limited of South Africa. |
| Offer Type | Public Offer | ||||||||||||
| Offer Method | Offer for Subscription | ||||||||||||
| Purpose | To refinance part of the short term funding used for the All Steel Radial Truck Tyre (ASRT) expansion project and enhance working capital. | ||||||||||||
| Utilization of Proceeds | The estimated net Issue proceeds of N5,158,477,500.00 (including Right issue proceeds), after deduction of Issue costs of N341,522,500.00 (estimated at 6.21% of the gross issue
proceeds), thereof will be utilised as follows:
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| Target Investors | The Offer is open to individuals, financial and non-financial institutions, companies, treasuries and societies. The Offer is also open to the participation of foreign and non-resident investors. | ||||||||||||
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 3,016,480,000 |
| Fully Paid Share Capital | 756,000,000 |
| Shares Offered for Sale | 1,504,480,000 |
| % of Fully Paid Shares Offered for Sale | 199.01% |
| Offer Price per Share | NGN 2.50 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Wednesday, Nov 29, 2006 |
| Offer Close Date | Friday, Jan 05, 2007 |
| Allocation Begin Date | Friday, Jan 19, 2007 |
| Allocations End Date | Friday, Feb 16, 2007 |
| Results of Allocation Announced | Tuesday, Mar 06, 2007 |
| Crediting of CDS Accounts with Shares | Friday, Mar 16, 2007 |
| Crediting refunds through electronic funds transfer | Thursday, Mar 01, 2007 |
| Dispatch of refund checks (if applicable) | Thursday, Mar 01, 2007 |
| Commencement of Trading on Nigeria Stock Exchange | Friday, Mar 30, 2007 |
| Key Numbers | |
| Fiscal Year End | 30th September |
| 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 | -- | -- | -- | -- |
Dunlop Abridged Prospectus |
| Dunlop Nigeria plc |
|
Dunlop Prospectus |
| Dunlop Nigeria plc |
| INVESTORS EXPRESS CONFIDENCE IN DUNLOP |
| Dunlop Nigeria plc - 14 May, 2007 |
| Dunlop Nigeria Plc, the leading Tyre manufacturing and marketing company in Nigeria, has announced a cumulative 178% subscription of its Public Offer and Rights Issue. |
| DUNLOP SETS FOR CAPITAL MARKET |
| Dunlop Nigeria plc - 20 Nov, 2006 |
| The Quotations Committee of the Nigerian Stock Exchange (NSE) on Friday,17th November,2006 approved the proposed offer of shares by way of rights and public offer for subscription of tyre giant, Dunlop Nigeria Plc, to raise the sum of N5.5 billion from the stock market, paving way for the completion of the pre – offer processes. |