The offer is by way of a public offering or an 'offer for subscription' and will be open to both existing shareholders and non-shareholders. There is no limit to the number of shares that investors can apply for in the public offer, noting that allotment is subject to SEC approval.
FCMB Group holds either 100% or a majority shareholding in all its operating companies. Investing in FCMB Group implies indirect ownership of these companies through FCMB Group.
Loan applications will be guided by CBN and SEC regulations on margin lending, with each application evaluated on a case-by-case basis. It is important to note that FCMB Group shares cannot be pledged as collateral for loans within the bank or any other operating companies.
While there is no lock-up period on the shares being offered, and investors can hold or sell them at any time after the shares are listed on NGX, investors are encouraged to consider the long-term merits of the Group's investment case.
A Treasury bill is a short-term fixed income instrument. Investors that make an investment in the shares of FCMB Group Plc will benefit from equity instrument returns, including periodic dividend payments and capital appreciation as the Group continues to grow.
Whilst an investment in FCMB Capital provides room for upside, it also carries risks. All investors are advised to read the risk factors stated in the offer document, which will be released on the offer open date, before making an investment decision.
The Group is raising capital to support its banking subsidiary in complying with the minimum capital requirements newly introduced by the Central Bank of Nigeria. This requirement affects almost all banks in Nigeria, and they are also required to raise capital at this time.
The bank has an international license, and all plans and efforts are directed towards retaining the bank's international license.
An investment case document with a cover letter has been prepared that provides a compelling story for an investment in FCMB Group Plc.
The Group is planning to raise up to N150bn in 2024
The minimum investment size is expected to be 1,000 units and multiples of 1,000 units thereafter, subject to the approval of the SEC.
Foreigners and people living outside Nigeria can invest on the Nigeria Exchange Group (NGX) either directly or through a custodian such as CSL Stockbrokers Ltd. You must be aware that the shares will not be registered offshore and must not be marketed to the general public within an offshore jurisdiction.
We expect the offer to open in Q3 2024.
Given that the capital is being raised by way of a public offering, the offer price will be decided by the Board and communicated to the general investing public when the offer opens, subject to the approval of the SEC.
Yes, the bank has a product in place where an investor can earn a return of up to 25% per annum on the funds deposited until the offer open date. Kindly contact the Treasury Department for more details.
The CBN, in its circular dated March 28, 2024, to all Nigerian banks on recapitalization, listed mergers and acquisitions as an option for meeting the minimum capital requirement. In line with this, the Group is considering several capital-raising options, which include mergers and/or acquisitions.
The capital will be raised by FCMB Group and invested in FCMB Limited as common equity. FCMB Limited will use the capital for general working purposes, which include paying down expensive funds to improve the bank's cost of funds and increase its net interest margin. The capital will also enhance the bank's capital adequacy ratio, providing it with more room to create additional risk assets to increase profitability. Overall, the capital will be instrumental in achieving the bank's strategic objectives.
The application procedure for the shares will include both online and the use of physical application forms. Further information on application procedures will be released when the offer opens.
Yes, an incentive plan has been put in place for staff who support the distribution of the offer. Kindly reach out to any HR rep for more information about the "public offer incentive scheme".
Depending on the investor's indicative investment size, the investor can have the opportunity to engage with an executive, virtually or otherwise. Speak to your manager about this, and escalate as needed.
An investment case document and a cover letter explaining the financial performance of the Group over the past few years, amongst other key information, have been prepared and will be shared to guide conversations with prospective investors. Additionally, the following link has several recent presentations: www.fcmbgroup.com/investor-relations. On the left navigation, scroll to "Financial Information" and "Results Centre".
No, such a practice is prohibited by the CBN, who conducts capital verification on all offers.