| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Equity Assurance plc |
| Security Type | Ordinary |
| Ticker | EQUITYASUR |
| Reuters Code | |
| ISIN | NGEQUITYASS2 |
| Number of Employees | |
| Address | Plot 1196 Bishop Oluwole Street |
| Victoria Island | |
| Lagos, Nigeria | |
| Website | www.equityassuranceplc.com |
| Phone | +234-1-2618318, 2618319 |
| Fax | +234-1-2637479. |
| info@equityassuranceplc.com | |
| Nature of Business | EQUITY ASSURANCE PLC was incorporated on 3rd October 1991 with registration number RC.175105 and was licensed by the the n office of the Director of Insurance to underwrite all classes of general business. EQUITY ASSURANCE PLC, operate s with a recently increased authorized share capital of N 2 billion and shareholders fund of about Nine Hundred & Eigh t Mi llion Naira ( N908m). The on-going Rights Issue/Private placement will bring the shareholders fund to excess of N 1.5 bil lion. Gross premium income has grown tremendously from N 352m in 2000 to N 1.2b in 2005. EQUITY ASSURANCE PL C is a c orporate member of the West African Insurance Company Association (WAICA) and the Nigeria Insurers’ Associatio n (NI A), t he official umbrella of registered insurance companies in Nigeria, as well as The Africa Insurance Organisat ion (A IO). |
| Offer Type | Public Offer |
| Offer Method | Offer for Subscription |
| Purpose | |
| Utilization of Proceeds | |
| Target Investors | |
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 14,000,000,000 |
| Fully Paid Share Capital | 7,707,882,600 |
| Shares Offered for Sale | 1,500,000,000 |
| % of Fully Paid Shares Offered for Sale | 19.46% |
| Offer Price per Share | NGN 3.50 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Monday, Sep 01, 2008 |
| Offer Close Date | Tuesday, Sep 30, 2008 |
| Allocation Begin Date | Friday, Oct 10, 2008 |
| Allocations End Date | Tuesday, Oct 28, 2008 |
| Results of Allocation Announced | Thursday, Nov 20, 2008 |
| Crediting of CDS Accounts with Shares | Friday, Dec 05, 2008 |
| Dispatch of Share Certificates | Friday, Dec 05, 2008 |
| Dispatch of refund checks (if applicable) | Friday, Nov 21, 2008 |
| Commencement of Trading on Nigeria Stock Exchange | Monday, Dec 15, 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 | -- | -- | -- | -- |