Tag: Stanbic IBTC Holdings Plc

Stanbic Africa Holdings Limited (SAHL), an unlisted and wholly owned subsidiary of Standard Bank Group Limited (SBG), has announced the acquisition of an additional 3.2 million units of shares in Stanbic IBTC Holdings PLC, in a deal worth N124.12 million.

The deals were announced via two separate disclosures both signed by the secretary of Stanbic IBTC Holdings Plc., Chidi Okezie, and filed with the Nigerian Exchange Limited (NGX).

The breakdown of the transactions which occurred on the 1st and 2nd of November, 2021, showed that SAHL acquired additional 3,182,562 units of Stanbic IBTC shares at a unit price of N39, amounting to N124,119,918.

The new investments which took place in Lagos, is in addition to the sum of N463, 736,280.7 invested in Stanbic IBTC Holdings Plc by the former in September.

What you should know:

• As at 30th of June 2021, SAHL held about 7,443,450,299 units of shares in Stanbic IBTC, translating to about to 67.02% of the latter’s total shareholdings.
• Stanbic IBTC share price is currently trading at N39 per share on the floor of the Nigerian Exchange Limited (NGX).

Stanbic Africa Holdings Limited (SAHL) has announced the acquisition of an additional 5.5 million units of shares in its Nigerian subsidiary- Stanbic IBTC Holdings PLC, in a deal worth N216.2 million.

This is according to a disclosure signed by the secretary of Stanbic IBTC Holdings Plc, Chidi Okezie, and filed with the Nigerian Exchange Limited (NGX).

The breakdown of the transaction which occurred in Lagos on Tuesday showed that SAHL acquired additional 5,557,703 units of Stanbic IBTC shares at a unit price of N38.90, amounting to N216, 194,646.7

This transaction comes barely 24 hours after the financial services holding company had similarly spent about N194.4 million for the purchase of an additional 5 million stakes in its Nigerian subsidiary.

In this light, the recent transaction thereby raises the stake of SAHL in Stanbic IBTC to about 67.16% translating to 7,454,008,002 units of shares. Recall that as at 30th of June, 2021, the former held about 7,443,450,299 units of shares in the latter, indicating about 67.02% of the latter’s total shareholdings.

Stanbic Africa Holdings Limited (SAHL) is an unlisted, wholly owned subsidiary of Standard Bank Group Limited (SBG). SAHL is registered in the United Kingdom and is the holding company for majority of SBG’s African subsidiary banks.

Stanbic IBTC Holdings Plc closed trading today 15th of September, 2021 at N38.9 per share on the floor of the Nigerian Exchange Limited (NGX).

Stanbic Africa Holdings Limited (SAHL), a wholly-owned subsidiary of Standard Bank Group Limited, has increased its stakes in Stanbic IBTC Holdings PLC, a company trading its stocks on the Nigerian Exchange Limited (NGX).

According to a statement signed by the secretary of Stanbic IBTC Holdings Plc, Chidi Okezie, and filed with the Nigerian Exchange Limited (NGX), SAHL paid about N194.4 million to acquire the additional equities.

The breakdown of the transaction which occurred in Lagos on Monday showed that SAHL acquired additional 5 million units of Stanbic IBTC shares at a unit price of N38.88, amounting to N194, 400,000.

What you should know about Stanbic Africa Holdings Limited (SAHL)

• Stanbic Africa Holdings Limited (SAHL) is an unlisted, wholly owned subsidiary of Standard Bank Group Limited (SBG). SAHL is registered in the United Kingdom and is the holding company for majority of SBG’s African subsidiary banks.
• As at 30th of June 2021, the financial services holding company owned about 7,443,450,299 units of shares translating to about 67.02% of Stanbic IBTC total shareholdings.
• The recent transaction will raise the total shareholdings of the financial services holding company to 7,448,450,299 units, translating to 67.09%.

Stanbic IBTC Holdings Plc is currently trading at N39 per share on the floor of the Nigerian Exchange Limited (NGX).

For more information about the disclosure, click HERE.

Despite recording a slump in most of its key financial metrics for the half year period ended June 30, 2021, Stanbic IBTC Holdings Plc has declared an improved interim dividend of N1.00 per ordinary share of 50 kobo each.

The proposed interim dividend indicates a gain of about 150% when compared to the amount declared in the corresponding period of last year (HY 2020: 40 kobo). It is pertinent to note that the declared dividend will be paid on each of the outstanding 12,956,997,163 ordinary shares of the bank, amounting to N12.96 billion.

The banking giant in a recent notice filed with the Nigerian Exchange Limited (NGX), revealed that the dividend which is subject to deduction of appropriate withholding tax and regulatory approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on Monday, September 20, 2021.

The dividends will be disbursed electronically to qualified shareholders on Wednesday, September 29, 2021. Qualified shareholders in this context means shareholders whose names appear on the company’s register as at the aforementioned date, and who have completed the e-dividend registration, mandating the Registrar to pay their dividends directly into their Bank accounts.

While the Register of Shareholders will be closed from September 21 to September 28, 2021, Qualification Date has been scheduled for Monday, September 20, 2021.

 Stanbic IBTC Half Year Review

Recall that Stanbic IBTC had earlier released its financial results for the half year period ended June 30, 2021. The bank’s gross earnings for the period under review stood at N93.6 billion, compared to N126.6 billion recorded in corresponding period of 2020, indicating a decline of about 26.1%.

The bank’s Profit before tax also slumped by 52.9%, from N52.41 billion recorded in HY 2020 to N24.71 billion. Profit after tax also declined by about 50.13% to N22.54 billion. Consequently, earnings per share (EPS) slumped to N1.92K, down from N4.19K recorded in the comparable period in 2020.

What you should know:

• An interim dividend is a type of dividend that is declared and distributed by a company to its shareholders prior to the determination of final profit position for the financial year. Before interim dividends are paid, the company’s financial statements will also be audited.
• Stanbic IBTC closed trading today 6th of September, 2021 with a share price of N39.20.

Stanbic IBTC Holdings Plc released its interim financial results for the half year period ended 30 June, 2021.

• Gross earnings for the period totalled N93.6 billion. (-26.1% YoY)
• Net interest income was N32.9 billion. (-12.4% YoY)
• Net fee and commission income of N41.3 billion. (+18% YoY)
• Operating expenses totalled N55.4 billion. (+14.1% YoY)
• Profit for the period was N22.54 billion. (-50.1% YoY)
• Earnings per share of N1.92 Vs N4.19 YoY.
• An interim dividend of N1 per share was declared.

See link to results.