| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | DAAR Communication plc |
| Security Type | Ordinary |
| Ticker | DAARCOMM |
| Reuters Code | |
| ISIN | NGDAARCOMM01 |
| Number of Employees | |
| Address | Kpaduma Hill |
| Off T.Y Danjuma | |
| Abuja, Nigeria | |
| Website | www.daargroup.com |
| Phone | |
| Fax | |
| feedback@daargroup.com | |
| Nature of Business | In the wake of deregulation of broadcasting on August 24 ,1992, Daar communications plc applied for and was granted approval to operate an independent radio station.The station which started test transmission on the 15th of December,1993 made history on the 1st of September,1994 when it commenced commercial broadcasting with the launch of Raypower 100.5 fm in Lagos as the first 24 hour broadcast service station in Nigeria as well as the first private independent broadcasting station in the country. Based on Raypower's track record and recognition of DAAR's commitment to responsible broadcasting in the country, the Federal Government of Nigeria in June 1995 granted DAAR the first ever global satellite television license.On December 6 1996,the company launched Nigeria's first commercial terrestial television service with the call sign "Africa Independent Television (AIT). AIT has a transmission footprint which covers the entire globe. It runs 3 distinct streams of programming namely, National transmission which is domesticated in Nigeria, transmission to the rest of Africa, Europe, Middle East and Asia, and transmission to united states of America(USA) and the Americas. |
| Offer Type | Hybrid Initial Public Offer |
| Offer Method | Offer for Subscription |
| Purpose | |
| Utilization of Proceeds | |
| Target Investors | |
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 6,400,000,000 |
| Fully Paid Share Capital | 6,170,522,000 |
| Shares Offered for Sale | 1,829,478,000 |
| % of Fully Paid Shares Offered for Sale | 29.65% |
| Offer Price per Share | NGN 5.00 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Monday, Feb 25, 2008 |
| Offer Close Date | Monday, Mar 31, 2008 |
| Allocation Begin Date | Monday, April 14, 2008 |
| Allocations End Date | Monday, May 12, 2008 |
| Results of Allocation Announced | Wednesday, May 21, 2008 |
| Crediting of CDS Accounts with Shares | Monday, May 26, 2008 |
| Dispatch of Share Certificates | Monday, May 26, 2008 |
| Dispatch of refund checks (if applicable) | Friday, May 23, 2008 |
| Commencement of Trading on Nigeria Stock Exchange | Monday, June 02, 2008 |
| Key Numbers | |
| Fiscal Year End | 31st December |
| 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 | -- | -- | -- | -- |
DAAR Communications plc Abridged Prospectus |
| DAAR Communication plc |
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DAAR Communication plc Full Prospectus |
| DAAR Communication plc |