Strategic investors acquire N13.97bn of Fidelity Bank shares through private placement

In a regulatory filing with the Nigerian Exchange Limited (NGX), the lender said the result of the private placement, which took place between February 22 and February 23, showed that the 3,037,414,308 shares of 50 Kobo offered at N4.60 per share were fully subscribed.

“Two (2) applications were received for a total of 3,037,414,308 ordinary shares in connection with the private placement.

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