November 14, 2018

Initial Public Offering

Deal Description

Honeywell Flour Mills Plc Initial Public Offering by way of an Offer for Sale of 1,252,941,177 Ordinary Shares of 50Kobo each at N8.50 per share and an Offer for Subscription of 941,176,471 Ordinary Shares of 50 Kobo each at N8.50 per share. FBN Capital acted as Leading Issue House.

The total offer was undertaken to give investors the opportunity to become a part owners of Honeywell Flour Mills Plc. The combined offer also availed the company the opportunity to meet the NSE’s listing requirements.