Stanbic Africa Holdings Limited acquires additional 5.5m units of shares in its Nigerian unit,  worth N216.2 million.

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 acquires additional stakes in its Nigerian unit worth N194.4m.

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 decreased earnings, Stanbic IBTC declares improved interim dividend of N12.96 billion.

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.

Half Year 2021: Stanbic IBTC suffers 50% decline in profit amid slump in revenue.

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.

FMDQ admits Stanbic, MTN, Nigerian Breweries, Coronation Merchant Bank and 4 other CPs.

FMDQ Securities Exchange has announced the approval for the quotation of Stanbic IBTC, MTN, Nigeria Breweries Plc and 5 other Commercial Papers.

According to series of verified disclosures from the FMDQ  Exchange, the comprehensive list of Commercial Papers recently approved for quotation on its platform are;

  • Mixta Real Estate N1.09 billion Series 34 CP under its N20 billion CP programme.
  • Stanbic IBTC Bank $8.31 million Series 2 CP under its N100 billion Multi-Currency CP Issuance Programme.
  • Nigerian Breweries N1.05 billion Series 12, N0.94 billion Series 13 and N2.67 billion Series 14 CPs under its N100 billion CP Issuance Programme.
  • Parthian Partners Limited N10 billion Series 1 (Tranche A), N5.26 billion Series 1 (Tranche B) and N4.74billion Series 2 CPs under its N20 billion CP Issuance Programme.
  • TrustBanc Holdings Limited N10 billion Commercial Paper
  • Eunisell Limited N10 billion Commercial Paper
  • Coronation Merchant Bank Limited N0.71 billion Series 13, N14.13 billion Series 14, N1.41 billion Series 15 and N20.19 billion Series 16 CPs under its N100 billion CP Programme.
  • MTN Nigeria Communications Plc N19.77 billion Series 3 and N53.74 billion Series 4 CPs under its N200 billion CP Issuance Programme.

It is pertinent to note that the admission will afford the aforementioned firms the opportunity to not only raise short term capital to support their business operations, but to also enjoy value-added benefits like visibility, transparency and liquidity that comes with being quoted on the FMDQ Exchange.

Stanbic IBTC profit plunges by over 45% to N11.3 billion in Q1 2021.

Stanbic IBTC Holdings Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N15.9 billion. (-14.3% YoY)
  • Net fee and commission income of N20.8 billion. (+16.2% YoY)
  • Operating expenses of N26.96 billion. (+8.8% YoY)
  • Profit for the period was N11.3 billion. (-45.4% YoY)
  • Earnings per share printed 96 kobo (-49.7% YoY)

See link to results.