Fidelity Bank gets approval to raise additional capital via IPO, Rights Issue at EGM

At the Extra-Ordinary General Meeting (EGM) held on August 11, 2023, the following resolutions were proposed and duly passed:

That the issued share capital of the Company currently N16,000,000,000.00 (Sixteen Billion Naira) made up of 32,000,000,000 Ordinary Shares of N0.50 each, be increased up to N22,600,000,00.00 (Twenty-two Billion, Six Hundred Million Naira) by the creation of up to 13,200,000,000 (Thirteen Billion, and Two Hundred Million) additional Ordinary Shares of N0.50 each.

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