Fidelity Bank PLC Announces Rights Issue of 13.2 Billion Shares to Spur Investment Growth

Fidelity Bank PLC has launched a rights issue, offering 10 billion ordinary shares of 50 kobo each at N9.75 per share and an additional 3.2 billion ordinary shares of 50 kobo each at N9.25 per share.

This strategic move is aimed at attracting discerning investors looking to grow and preserve wealth for future generations.

The bank’s impressive performance over the past three years underscores the potential of this investment.

Fidelity Bank’s share price has surged from N2.55 in December 2021 to N10.85 in December 2023, representing over 290% gain.

During this period, the bank’s stock outperformed the All Share Index four times and the Banking Index twice, reflecting its robust financial health and investor confidence.

The rights issue presents a compelling opportunity for investors to capitalize on Fidelity Bank’s growth trajectory. Shares are available for purchase in units of 1,000 at the rate of N9.75 per unit.

For instance, 1,000 units will cost N9,750, 10,000 units will cost N97,500, and 100,000 units will cost N975,000.

Interested investors are required to fill out the attached public offer form and make payment to the designated account:

• Account Number: 9160000030
• Account Name: Fidelity Bank Public Offer/Rights Issue
• Branch: Corporate Branch, Head Office

The completed form, along with proof of payment, should be submitted to Fidelity Bank for processing.

This rights issue is not only a testament to Fidelity Bank’s commitment to expanding its capital base but also an invitation to investors to be part of its continued success.

The bank’s strong performance metrics and the favorable terms of this offer make it an attractive option for those looking to enhance their investment portfolios.

For more information and to participate in this offer, investors are encouraged to contact Fidelity Bank directly.