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For investors abroad, below are the steps to take to subscribe
for this offer:
* Download the Application form and the prospectus for detail
using the link above.
* Click here to
download the transfer
guide to enable you transfer money to finance your public
offer subscription.
* Send scanned copy of the application form and transfer document
to oceanicbankoffer@oceanicbanknigeria.com
* To follow up with your subscription, send a mail to oceanicbankoffer@oceanicbanknigeria.com
or call our call center 01-2705001 - 7.
Please note that we will convert funds
to Naira using the prevailing Central Bank of Nigeria exchange
rate on the day of receipt of your remittance.
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Capital, Profit Forecast & Dividend
The Directors of Oceanic Bank, having regard to the Bank’s
present financial position and the anticipated proceeds of
the Offer, are of the opinion that Oceanic Bank will have
adequate working capital and sufficient liquidity to meet
its immediate and foreseeable obligations and funding requirements.
Our Directors estimate that in the absence of unforeseen circumstances,
the profit before taxation for the years ending September
30, 2007, 2008 and 2009 will be in the order of N18,906,910.00,
N24,934,166 and N28,609,262 respectively.
If these estimates are achieved, the appropriations thereof
will be approximately as follows:
The Earnings and Dividend per share are based on 11,642,006,625
ordinary shares of 50Kobo each (being the post-bonus but pre-offer
shares) in 2007 and 15,000,000,000 ordinary shares of 50Kobo
each (being post Offer shares in issue) thereafter.
However, subscribers may qualify for dividend in the event
the Company receives the Offer proceeds 3 months before its
financial year-ending 2007.
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