Group plc
FCMB GROUP PLCRC No: 1079631
LEAD ISSUING HOUSE ON BEHALF OF
RC 1381308
Group plc
FCMB Group Announces The Result of The Offer For Subscription of 16,000,000,000 Ordinary Shares of 50 Kobo Each at N10.00 Per ShareThis announcement appears as a matter of record only
FCMB Group Plc's Offer for Subscription of 16,000,000,000 Ordinary Shares of 50 Kobo each at ₦10.00 per share ("the Offer") opened on October 2, 2025 and closed on November 6, 2025. At the close of the Offer, 25,855 Applications for 24,088,389,638 Ordinary Shares were received in connection with the Offer.
25,825 Applications for 24,084,825,000 Ordinary Shares were found to be valid under the terms of the Offer and were processed accordingly.
Summary of the Offer
25,825 Applications for 24,084,825,000 Ordinary Shares were submitted to the CBN for Capital verification
25,820 Applications for 23,110,717,000 Ordinary Shares were verified and approved in full (100% Allotment)
1 application for 24,108,000 Ordinary Shares was fully verified and has been allotted 23,415,000 Ordinary Shares (97.13% allotment)
1 application for 100,000,000 Ordinary Shares was partially verified and allotted 48,755,000 Ordinary shares (48.8% allotment)
3 applications for 850,000,000 Ordinary Shares were not verified
30 Applications for 3,564,638 Ordinary Shares were rejected for not complying with the terms of the Offer
18 Applications for 4,800 Ordinary Shares did not comply with the minimum subscription
11 Applications for 3,498,838 Ordinary Shares did not comply with the subsequent multiples amount
1 Application for 61,000 Ordinary Shares was rejected as no Application Form was
The Offer was therefore 150.5% subscribed, and 144.9% allotted at the conclusion of the CBN Capital Verification process.
The Basis of Allotment for the Offer is set out below:
The Basis of Allotment for the Offer is set out below:
Range | No. of Applicants | Percentage | Units Applied For | Units Allotted | Cumulative Units Allotted | Value (N) | Percentage Allotted |
1 - 5,000 | 11,984 | 46.41% | 29,526,000 | 29,526,000 | 29,526,000 | 295,260,000 | 100% |
5,001 - 10,000 | 4,331 | 16.77% | 41,591,000 | 41,591,000 | 71,117,000 | 415,910,000 | 100% |
10,001 - 20,000 | 2,542 | 9.84% | 45,970,000 | 45,970,000 | 117,087,000 | 459,700,000 | 100% |
20,001 - 30,000 | 1,064 | 4.12% | 29,799,000 | 29,799,000 | 146,886,000 | 297,990,000 | 100% |
30,001 - 40,000 | 356 | 1.38% | 13,656,000 | 13,656,000 | 160,542,000 | 136,560,000 | 100% |
40,001 - 50,000 | 1,528 | 5.92% | 75,979,000 | 75,979,000 | 236,521,000 | 759,790,000 | 100% |
50,001 - 100,000 | 2,000 | 7.75% | 188,722,000 | 188,722,000 | 425,243,000 | 1,887,220,000 | 100% |
100,001 - 1,000,000 | 1,708 | 6.61% | 630,493,000 | 630,493,000 | 1,055,736,000 | 6,304,930,000 | 100% |
1,000,001 - 10,000,000 | 216 | 0.84% | 771,455,000 | 771,455,000 | 1,827,191,000 | 7,714,550,000 | 100% |
10,000,001 - 100,000,000 | 69 | 0.27% | 2,914,637,000 | 2,862,699,000 | 4,689,890,000 | 28,626,990,000 | 98% |
100,000,001 - 500,000,000 | 12 | 0.05% | 2,602,244,000 | 2,602,244,000 | 7,292,134,000 | 26,022,440,000 | 100% |
500,000,001 - 1,000,000,000 | 5 | 0.02% | 3,734,000,000 | 3,734,000,000 | 11,026,134,000 | 37,340,000,000 | 100% |
1,000,000,001 - 2,000,000,000 | 4 | 0.02% | 5,551,572,000 | 5,551,572,000 | 16,577,706,000 | 55,515,720,000 | 100% |
2,000,000,001 - 5,000,000,000 | 3 | 0.01% | 6,605,181,000 | 6,605,181,000 | 23,182,887,000 | 66,051,810,000 | 100% |
Total | 25,822 | 100.00% | 23,234,825,000 | 23,182,887,000 | 231,828,870,000 |
The above-stated basis of allotment, as well as this announcement, has been cleared by the Securities and Exchange Commission.
The Registrars to the Offer, CardinalStone Registrars Limited, will credit the shares allotted to the CSCS accounts of applicants who have indicated their CSCS account numbers on their respective application forms with the shares allotted not later than Monday March 23, 2026. Applicants without CSCS accounts will have their shares credited at the CSCS using a Registrar Identification Number, in line with the SEC Directive on Dematerialisation of Share Certificates, not later than Monday March 23, 2026. Return monies will be remitted to the affected subscribers not later than Friday March 13, 2026.
Joint Issuing Houses:
FCMB Capital Markets Limited
RC: 446561
Coronation Merchant Bank Limited
RC: 207138
Capital Bancorp Plc RC:114135
FSDH Capital RC:434206