Fidelity Bank launches a N127.1bn rights issue and public offer to strengthen capital base and expand business.
Fidelity Bank launches a N127.1bn combined rights issue and public offer, receiving strong support from Nigerian capital market stakeholders. The offer includes a rights issue of 3.2bn shares at N9.25 per share and a public offer of 10bn shares at N9.75 per share. The additional capital aims to strengthen the bank's capital base, upgrade IT infrastructure, expand business and regional presence, and improve operational efficiency.
June 23, 2024
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