Fidelity Bank gets approval to issue 3.04bn ordinary shares by private placement

Fidelity Bank Plc has got the approval of its shareholders to issue its unissued ordinary shares by way of the private placement. 

This was approved at the Bank’s Extra-Ordinary General Meeting on Thursday, September 29, 2022.

The Board of Directors of the Company has been authorised to issue, by way of Private Placement, the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company (being not more than 30% of the Company’s existing issued shares and paid up capital) to potential investors.

The disposal of the Company’s outstanding N3.04 billion unissued Ordinary Shares of 50Kobo would enable the Bank to raise more capital for growth. 

Source: Fidelity Bank gets approval to issue 3.04bn ordinary shares by private placement – StocksWatch (stocksng.com)

Related Posts

11

Sep
Business & Economy

FG Publishes New Tax Reform Laws in Government Gazette

The Federal Government has formally published Nigeria’s new tax reform laws in the official gazette, signaling a landmark transformation of the nation’s fiscal framework. Signed into law by President Bola Tinubu on June 26, 2025, the reforms introduce a modern foundation for taxation, administration, and revenue collection. The reform package comprises four key legislations: Key provisions of[…]