Market Date: 23-05-2013
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Fidelity Banks N50b hybrid offer opens Sept 27
Category: Public Offers Private Placements
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Shareholders of Fidelity Bank Plc and intending investors will between September 27 and November 9, 2007 have an opportunity to either increase their holdings or become part owners of the bank through its hybrid offer.
The bank is offering to the investing public 5.5 billion ordinary shares of 50 each at N8 per share, a rights issue of 498.9 million ordinary shares of 50 kobo each at N8 per share, on the basis of one ordinary share for every 33 shares already held.
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