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Investor FAQ

  FCMB Shares and Shareholding
  FCMB Financial Reporting
  FCMB Dividends
FCMB Group Plc Shares and Shareholding
1.What is the structure of FCMB’s issued share capital?
2.Where are FCMB's Shares listed?
3.How many FCMB Ordinary Shares does a Global Depository Receipt (GDR) represent?
4.What are FCMB’s stock symbols?
5.Who do I contact if I have an enquiry relating to my shareholding like change of address or name, or transfer of shares or loss of share certificate or dividend payments?
6.When is FCMB's Annual General Meeting?
1.What is the structure of FCMB’s issued share capital?
 

Since FCMB’s Initial Public Offer in 2005, FCMB has had one class of ordinary shares, with a nominal value of NGN0.50 per share.
In addition, FCMB has a Global Depository Receipt (GDR) programme under which each Global Depository Share (GDS) represents 100 units of NGN 0.50 ordinary shares.


2.Where are FCMB's Shares listed?
 

FCMB’s shares are listed and trade on the Nigerian Stock Exchange under the symbol FCMB. On 29 November 2007, FCMB issued an unlisted GDR of (the Naira equivalent) of US$100 million in the United Kingdom.


3.How many FCMB Ordinary Shares does a Global Depository Receipt (GDR) represent?
 

Each GDR represents 100 underlying ordinary FCMB shares held by the Depository.


4.What are FCMB’s stock symbols?
 
NSE FCMB
GDR CUSIP 319636205
GDR ISIN US3196362053

5.Who do I contact if I have an enquiry relating to my shareholding like change of address or name, or transfer of shares or loss of share certificate or dividend payments?
 

All enquiries regarding share related issues should be directed to Shareholders Dividends and Other Admin Queries


6.When is FCMB's Annual General Meeting?
 

The law requires that the Bank hold its Annual General Meeting within 15 months of the previous Annual General Meeting but the exact date which ordinarily occurs within this period, is subject to receiving the requisite approvals. Follow this link to check if the date of the next AGM has been formally announced and added to our Financial Events calendar.


FCMB Group Plc’s Financial Reporting
7.When does FCMB report its financial results?
8.Are presentations reviewing FCMB's results, recorded into a podcast?
9.What is the basis of preparation of FCMB's financial statements?
10.What is FCMB's reporting currency?
11.Who is FCMB's independent auditor?
7.When does FCMB report its financial results?
 

Up until April 2009, FCMB's financial year began on May 01 each year and ran up to and included 30 April of the following year. However, as FCMB has now moved to the common December year-end for Nigerian Banks (effective 31 December 2009), FCMB’s financial year now runs from January 01 each year up to and including 31 December of the same year.
An audited full year report will usually be published within 90 days of year end (subject to receiving requisite approvals) and the bank also aims to publish unaudited quarterly results with the corresponding detailed Income Statement and Balance Sheet within 4 weeks of the relevant period end.
Follow this link to check formally announced dates for forthcoming results periods in our Financial Events Calendar.


8.Are presentations reviewing FCMB's results, recorded into a podcast?
 

Yes. Presentations by the Group’s Senior and Divisional Management discussing the results are recorded via webcast and hosted on the Investor Relations section of the FCMB website under corporate reporting for the relevant reporting period.
Archived versions of FCMB's results webcasts are also available under on the Investor Relations section of the FCMB website under financial results for the relevant reporting period.


9.What is the basis of preparation of FCMB's financial statements?
 

FCMB’s financial statements are prepared in conformity with the requirements of International Financial Reporting Standards (IFRS), the Financial Reporting Council of Nigeria (FRC), the Companies and Allied Matters Act 1990 and the Banks and Other Financial Institutions Act 1991.


10.What is FCMB's reporting currency?
 

FCMB reports in the Nigerian Naira (NGN). Foreign exchange transactions are converted and restated in line with the requirements of the Financial Reporting Council of Nigeria (FRC), i.e. the income statement for the year end is converted at the average rate, while for the balance sheet, the closing rate ruling on the date of the transaction is applied.


11.Who is FCMB's independent auditor?
 

KPMG Professional Services
Chartered Accountants
Lagos, Nigeria
Registered Auditor

Please refer to FCMB's most recent annual report and accounts for the latest independent auditors’ report or independent review respectively.


FCMB Group Plc’s Dividends
12.Does FCMB pay dividends?
13.What options do I have to receive dividend payments?
14.In which currencies does FCMB pay its dividend?
15.How do I calculate my dividend entitlement before receiving my entitlement advice and form of election?
16.How do I calculate my dividend entitlement before receiving my entitlement advice if I am a GDR holder?
17.Where can I find out about historic dividend payments?
18.Who do I contact if I haven’t received my dividend entitlement advice or my dividend payment?
12.Does FCMB pay dividends?
 

Yes, FCMB Group Plc aims to pay annual dividends on its ordinary shares. The Board has adopted a policy that seeks to provide investors with a stable and sustainable form of capital distribution, with consideration given to the growth requirements of the business, thereby maximising long term share value for shareholders.


13.What options do I have to receive dividend payments?
 

FCMB Group Plc’s shareholders can either receive dividend warrants to their postal address or mandate all dividends to be paid directly into their bank accounts. Follow this link to download the payment instruction form. The completed form should then be returned to CSL Registrars at CSL Registrars, 358 Herbert Macaulay Way, Yaba, Lagos.


14.In which currencies does FCMB pay its dividend?
 

Dividends are declared and paid in Nigerian Naira.


15.How do I calculate my dividend entitlement before receiving my entitlement advice and form of election?
 

Once a dividend has been declared, you will be able to calculate the value of your dividend in Nigerian Naira by following this link and inserting the number of FCMB ordinary shares you own into the Investment Calculator. Alternatively, you can multiply the number of ordinary shares you own by the declared dividend per share, to calculate the value of your dividend.


16.How do I calculate my dividend entitlement before receiving my entitlement advice if I am a GDR holder?
 

FCMB Group Plc has a Global Depository Receipt (GDR) programme under which each Global Depository Share (GDS) represents 100 FCMB NGN 0.50 ordinary shares held by the Depositary, which is Deutsche Bank AG London. You will be able to calculate the value of your dividend in NGN by following this link and inserting the number of FCMB GDS’ you own into the Investment Calculator.


17.Where can I find out about historic dividend payments?
 

Follow this link for details of historic FCMB dividends.


18.Who do I contact if I haven’t received my dividend entitlement advice or my dividend payment?
 

Any enquiries relating to the non-receipt of your dividend entitlement advice or dividend payment should be directed to the Registrars. Please follow this link to Shareholders Dividends and Other Admin Queries.