July 30, 2024/Futureview Research
Fidelity Bank PLC (“Fidelity Bank” or the “Bank” or the “Issuer”) Issue of ₦127 billion Combined Offer of Public Offer and Rights Issue (Application/Acceptance Period) has been extended and will now close on Monday, 12th of August 2024.
Fidelity Bank Plc is a full-fledged commercial bank operating in Nigeria, with over 8.5 million customers who are serviced across its 251 business offices and various other digital banking channels in Nigeria and the United Kingdom. Focused on select niche corporate banking sectors as well as Micro, Small and Medium Enterprises (MSMEs), Fidelity Bank is rapidly implementing a digital based retail banking strategy which has resulted in exponential growth in savings deposits over the last 12 years, with over 57 percent customer enrollment on the Bank’s flagship mobile/internet banking products. Quoted on the Nigerian Exchange (NGX) as a publicly traded company in 2005, Fidelity Bank Plc began operations in 1988 as a Merchant Bank. In 1999, it converted to Commercial Banking and then became a Universal Bank in February 2001.
The Bank has maintained a consistent dividend payout over the past 15 years, even during the most challenging periods for the Nigerian banking industry. In the last 5 years, dividends have moved within the band of + or – 70.0% of N0.30 per share with average dividend yield of 8.20%.
Please see below the summary of the indicative terms of the offer.
Please click the links below for application form and other offer documents as they offer valuable information on the investment opportunity in the Bank.
Public Offer – Application Form – Download here
Rights Issue – Participation Form – Download here
Other Offer Documents – Download here
