Fidelity Bank Plc has announced the results of its private placement of 14.8 billion ordinary shares at N17.50 per share as of December 31, 2025
According to the April 24, 2026, disclosure, after CBN’s capital verification process, only 12.97 billion shares were successfully allotted, amounting to N227.05 billion.
This represents a subscription level of 87.7% of the offer, following capital verification by the Central Bank of Nigeria (CBN).
Above stemmed from a total of 20 applications received for 16.78 billion shares, representing 113.4% subscription level before the regulatory verification.
The banks received a total of 16.78 applications, out of which:
- 14 applications covering 12.24 billion shares were fully verified and allotted in full
- 1 application for 1.61 billion shares was partially verified, with 735.94 million shares verified and allotted
- 5 applications representing 2.93 billion shares were not verified
The allocation structure shows it is skewed toward large-ticket investors, with the highest application band (above 2 billion shares) accounting for a significant share of total allotment value.
On settlement, refunds for unsuccessful or unverified applications will be processed by April 27, 2026, while successful allottees will receive shares in their CSCS accounts by April 30, 2026.
- The entire allotment process and basis of allocation were reviewed and cleared by the Securities and Exchange Commission (SEC), reinforcing regulatory compliance.
