Fidelity Bank Plc on Thursday opened application lists for N127.2 billion combined rights and public offer, in an effort to meet and surpass it’s capital requirement in line with the banking recapitalisation mandated by the Central Bank of Nigeria (CBN).
The bank is simultaneously offering 10 billion ordinary shares of 50 kobo each to the general investing public at N9.75 per share and a rights issue of 3.2 billion ordinary shares of 50 kobo each at N9.25 per share.
The acceptance and application lists for the rights issue and public offer, which open today, are scheduled to close on Monday, July 29, 2024.
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