FBN HOLDINGS PLC FBN Holdings Plc. | |
DIRECTORS AND ADVISORS | |
DIRECTORS: | |
Ahmad Abdullahi | Non-Executive Director (Group Chairman) |
Nnamdi Okonkwo | Group Managing Director |
Adesola Adeduntan | Non-Executive Director |
Abiodun Oluwole Fatade | Non-Executive Director |
Alimi Abdul-Razaq | Non-Executive Director |
Peter Aliogo | Non-Executive Director |
Ahmed Modibbo | Non-Executive Director |
Kofo Dosekun | Non-Executive Director |
Khalifa Imam | Non-Executive Director |
Julius B. Omodayo-Owotuga | Non-Executive Director |
Oyewale Ariyibi | Executive Director (Appointed on August 16, 2022) |
AG. COMPANY SECRETARY: | Adewale Arogundade - with effect from March 7, 2022 |
REGISTERED OFFICE: | Samuel Asabia House |
35, Marina | |
Lagos | |
AUDITOR: | KPMG Professional Services |
KPMG Tower, Bishop Aboyade Cole Street | |
Victoria Island, Lagos | |
Telephone: +234 271 8955 | |
Website: www.kpmg.com/ng | |
REGISTRAR: | Meristem Registrars & Probate Services Limited |
213 Herbert Macaulay Way | |
Yaba, Lagos | |
BANKERS: | First Bank of Nigeria Limited |
35 Marina, | |
Lagos | |
FBNQuest Merchant Bank Limited | |
10 Keffi Street, Ikoyi | |
Lagos | |
TAX IDENTIFICATION NUMBER: | 15562790-0001 |
1
FBN Holdings Plc.
Certification pursuant to section 60(2) of Investment and Securities Act No. 29 of 2007
We the undersigned hereby certify the following with regards to FBN Holdings Plc financial report for the period ended 30 September 2022 that:
- We have reviewed the report;
- To the best of our knowledge, the report does not:
- contain any untrue statement of a material fact, or
- omit to state a material fact, which could make the statements misleading in the light of the circumstances under which such statements were made.
- To the best of our knowledge, the financial statements and other financial information included in the report fairly represent in all material respects the financial condition and results of operations of the Company as of 30 September 2022 and the periods presented in the report.
- We:
(i) are responsible for establishing and maintaining internal controls.
- have designed such internal controls to ensure that material information relating to the Company and its consolidated subsidiaries is made known to such officers by others within those entities particularly during the period in which the
periodic reports are being prepared.
- have evaluated the effectiveness of the Company's internal controls as of date within 90 days prior to the reports.
- have presented in the report our conclusions about the effectiveness of the Company's internal controls based on our evaluation as of that date.
- We have disclosed to the auditors of the Company and the audit committee:
- all significant deficiencies in the design or operation of internal controls which would adversely affect the Company's ability to record, process, summarize and report financial data and have identified for the Company's auditors any
material weakness in internal controls, and
- Any fraud, whether or not material, that involve management or other employees who have significant role in the Company's internal controls.
- We have identified in the report whether or not there were significant changes in the internal controls or other factors that could significantly affect internal controls subsequent to the date of our evaluation, including any corrective actions with regards to significant deficiencies and material weaknesses.
NNAMDI OKONKWO | OYEWALE ARIYIBI | |
Group Managing Director | Executive Director | |
FRC/2014/ICA/00000006963 | FRC/2013/ICAN/00000001251 |
2
FBN Holdings Plc.
Shareholding Structure and Free Float Status | |||||||
Company Name: | FBN Holdings Plc | ||||||
Board Listed: | Premium Board | ||||||
Year End: | December | ||||||
Reporting Period: | Period ended 30 September 2022 | ||||||
Share Price at end of reporting period: | N10.20 (30 September 2021: N8.05) | ||||||
Description | 30 September 2022 | 30 September 2021 | |||||
Unit | Percentage | Unit | Percentage | ||||
Issued Share Capital | 35,895,292,791 | 100% | 35,895,292,791 | 100% | |||
Substantial Shareholdings (5% and above): | |||||||
Mr. Femi Otedola (Direct) | 10,000,000 | 0.03% | 9,985,093 | 0.03% | |||
Mr. Femi Otedola (Indirect) | 1,989,342,376 | 5.54% | 243,471,760 | 0.68% | |||
Total Substantial Shareholdings | 1,999,342,376 | 5.57% | 253,456,853 | 0.71% | |||
Directors' shareholdings (direct and indirect), | excluding directors with substantial interests | ||||||
Alhaji Ahmad Abdullahi | - | 0.00% | - | 0.00% | |||
Mr. Nnamdi Okonkwo | 9,019,300.00 | 0.03% | - | 0.00% | |||
Mrs. Kofo Dosekun | - | 0.00% | - | 0.00% | |||
Sir. Peter Aliogo | - | 0.00% | - | 0.00% | |||
Mr. Ahmed Modibbo | - | 0.00% | - | 0.00% | |||
Mr. Khalifa Imam | - | 0.00% | - | 0.00% | |||
Dr. Abiodun Oluwole Fatade | - | 0.00% | - | 0.00% | |||
Dr. Alimi Abdul-Razaq | - | 0.00% | - | 0.00% | |||
Dr. Adesola Adeduntan (Direct) | 18,871,689 | 0.05% | 18,871,689 | 0.05% | |||
Mr. Julius B. Omodayo-Owotuga | - | 0.00% | - | 0.00% | |||
Mr. Oyewale Ariyibi | 4,008,850.00 | 0.01% | 2,848,850.00 | 0.01% | |||
Total Directors' Shareholdings | 31,899,839 | 0.09% | 21,720,539 | 0.06% | |||
Other Influential Shareholdings: | |||||||
Mr. Tunde Hassan-Odukale | (Direct) | 27,231,887 | 0.08% | 27,231,887 | 0.08% | ||
Mr. Tunde Hassan-Odukale | (Indirect) | 1,558,676,194 | 4.34% | 1,508,376,194 | 4.20% | ||
1,585,908,081 | 4.42% | 1,535,608,081 | 4.27% | ||||
UBAPFC/Leadway Pensure RSA Account | 362,347,446 | 1.01% | 362,347,446 | 1.01% | |||
Free Floats in Units and Percentage | 31,915,795,049 | 88.91% | 33,722,159,872 | 93.95% | |||
Free Floats in Value (N) | 325,541,109,499.80 | 271,463,386,969.60 |
For the purpose of this report only, the shares held by UBAPFC/Leadway Pensure RSA Account are not considered as free floating in view of the relationship of Mr. Tunde Hassan-Odukale with Leadway Pensure Limited.
Declaration:
FBN Holdings Plc with a free float value of N325,541,109,499.80 (88.91%) as at 30 September 2022 (30 September 2021: N271,463,386,969.60 (93.95%)) is compliant with the Nigerian Stock Exchange's free float requirements for companies listed on the Premium Board.
Adewale Arogundade
Ag. Company Secretary
FRC/2014/NBA/00000006810
3
FBN Holdings Plc.
INCOME STATEMENT
Note | |
Continuing operations | |
Interest income | 4 |
Interest expense | 5 |
Net interest income | |
Impairment charge for losses | 6 |
GROUP
Q3 ended | Year to date | Q3 ended | Year to date | |||
30 Sept. | 30 Sept. | 30 Sept. | 30 Sept. | |||
2022 | 2022 | 2021 | 2021 | |||
N 'million | N 'million | N 'million | N 'million | |||
144,011 | 370,364 | 99,100 | 260,118 | |||
(47,390) | (120,831) | (39,962) | (97,157) | |||
96,621 | 249,533 | 59,138 | 162,961 | |||
(15,000) | (36,711) | (8,125) | (34,839) |
Net interest income after impairment charge for losses | |
Fee and commission income | 7a |
Fee and commission expense | 7b |
Net fee and commission income | |
Foreign exchange (loss)/income | |
Net gains on sale investment securities | 8 |
Net gains from financial instruments at FVTPL | 9 |
Dividend income | 10 |
Other operating income | 11 |
Personnel expenses | |
Depreciation, amortisation and impairment | |
Other operating expenses | 12 |
Operating profit | |
Share of profit/(loss) of associates | 22 |
81,621 212,822
40,148 110,841
(7,520) (19,843)
32,628 90,998
(14,375)2,135
4,537 26,945
10,616 21,887
1113,002
2,887 12,066
(29,600) (84,908)
(6,617) (20,503)
(42,153) (158,912)
39,655 105,532
114(40)
51,013 128,122
34,689 103,766
(6,163) (17,867)
28,52685,899
5,4355,907
5221,466
7,18729,615
1,6443,547
(9,076)8,198
(28,083) (79,321)
(7,241) (20,565)
(41,557) (129,568)
7,90053,300
- (367)
Profit before tax | |
Income tax expense | 13 |
PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS | |
Discontinued operations | |
Loss for the period from discontinued operations | 27.3 |
PROFIT FOR THE PERIOD
Profit attributable to:
Owners of the parent
Non-controlling interests
Earnings per share attributable to owners of the parent Basic/diluted earnings per share (expressed in naira per share): From continuing operations
From discontinued operations
From profit for the period
39,769 | 105,492 | 7,696 | 52,933 | ||
(5,082) | (14,203) | (4,934) | (12,082) | ||
34,687 | 91,289 | 2,762 | 40,851 | ||
(21) | (87) | (16) | (60) | ||
34,666 | 91,202 | 2,746 | 40,791 | ||
34,304 | 90,083 | 2,446 | 40,128 | ||
362 | 1,119 | 300 | 663 | ||
34,666 | 91,202 | 2,746 | 40,791 | ||
2.51 | 1.12 | ||||
(0.00) | (0.00) | ||||
2.51 | 1.12 |
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FBN Holdings plc published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 16:29:03 UTC.
