Documente Academic
Documente Profesional
Documente Cultură
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19/02/2015
Expected date
Offer opens
Offer closes
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MEDIA ADVISOR
GLOBUS Media Limited,
Wing C, 6th Floor, NIC Life House,
Ohio Street/ Sokoine Drive ,
P.O. Box 105903, Dar es Salaam, Tanzania,
Tel/Fax: +255 22 2120723, Mobile: +255 684
278956,
E-mail: info@globusmedia.co.tz
Website: www.globusmedia.co.tz
___________________
L. G. FUMBUKA, MBA FCCA
Certified Public Accountant in Public Practice
DIRECTOR
____
___
_ _____________
___________________
L
L. G
G. FUMBUKA
FUMBUKA, MBA FCCA
Certified Public Accountant in Public Practice
DIRECTOR
xiv
Anchor Shareholder
Articles
ATM
Banking Act
Board
BoT
BRN
Closing date
CMSA
or
Authority
Companies Act
CREL
the
FDI
Founder
shareholders
Issuer
LDM
Legal Advisor
Listing Date
xvi
Prospectus
SACCOS
SMEs
the Company
TZS
USD
TDCL
TTU
xvii
xviii
xix
Mwanachama Hai
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xxii
These projections have been made on the key assumption of the capital base, assumed
to be that the paid up capital will be TZS 25 billion. Apart from the statutory minimum
reserve to be deposited with BoT, the core capital would be invested in various products
as described in the projection. Other assumptions are as follows:
Treasury Bills will fetch an average of 12% p.a. in later part of 2015
Placements in local banks will earn an average interest rate of 10% p.a.
Loans and overdrafts in local currency will earn interest of 18% p.a.
Fixed deposits in local currency will bear interest of 6% p.a. while those in foreign
currencies will be charged interest of 2.5% p.a.
Savings deposits in local currency will earn interest of 5% p.a. and 2% p.a. for
foreign component.
As part of the bank (In Formation) process, consultants were hired to prepare an
extensive Business Plan this is one of the documents available for inspection by
interested readers. BoT, as part of its licensing conditions, will also require an updated
version of the Business Plan as well as updated operations manuals for the banks
various activities in its core business.
This exercise will be accomplished along with the setting up and furnishing of the
banking hall as well as recruitment of key staff. A period of 6 months has been allowed
between conclusion of the IPO and consummation of these mundane aspects before
the bank opens its doors for trading. This is planned for Monday, 2 November 2015.
Upon close of the IPO and clearance of the shares by BoT, the shares will be listed on
the DSE and trading shall commence, tentatively set for Monday, 8 June 2015.
In the event of under-subscription, the IPO will continue to allotment with everyone
getting the amount they applied for as long as the minimum requirements for the BoT
capital adequacy threshold are met. At the date of this Prospectus, final commitments
for contribution toward Share Capital amount to about TZS 1.1 billion for individual
shareholders and TZS 10.9 billion from the founder shareholders.
There are no restrictions to the maximum number of offer shares to be applied for.
Important dates and time
TABLE 5 OFFER TIMETABLE
Event
Offer opens
Offer closes
Approval of results by CMSA, allotment date and
announcement of results
Submission of Register to DSE for printing of depository
receipts
Depository receipts and refunds of excess monies mailed
to successful applicants
Expected DSE listing and first trading date
12
Expected date
Monday, 23 March
2015
Monday, 4 May 2015
Friday, 22 May 2015
Monday, 25 May 2015
Friday, 5 June 2015
Monday, 8 June 2015
Source: http://www/meac.go.tz
Banking Act
!!"! !
The envisaged MCB PLC shall be established and operated as required by the Banking
Act and Banking and Financial Institutions Regulations.
Other legal provision establishing MCB PLC is the Companies Act. The Bank shall carry
out a number of commercial bank activities and shall start operations once the Bank of
Tanzania grants it with the commercial bank license.
"! !
The MCB PLC has its headquarters in Dar es Salaam. The bank shall deliver various
financial products and services and undertake investments as well. The bank shall have
branches in different parts of the country.
# " "
##$
Among the aims of the MCB PLC include enabling teachers and other customers to
have easy access to financial products with favorable terms and be able to benefit from
the shares they buy from the bank. In order to ensure the bank reaches its target,
delivers quality products and makes profits, one of the key aspects to be considered is
the management. Management is referred to as organization and coordination of an
enterprise or an entity in accordance with certain policies for the purpose of achieving
defined objectives. There are four components of management. They are planning,
organizing, directing and monitoring. The four aspects are considered in this strategic
plan for the MCB PLC.
"
In order to ensure that the bank takes off smoothly and deliver quality services,
arrangements for acquiring the necessary financial capital is necessary. Adequate
capital shall make the bank competitive in the delivery of services to a wide spectrum of
clients and through an increased volume of business and be able to make profit.
Various strategies for mobilizing capital to provide the opportunity for the bank to raise
adequate capital for smooth take-off have been identified.
Specifically, the bank shall ensure that at any given time it has the optimal asset
portfolio that enables it to maximize profit and grow. The growth of the portfolio shall be
in line with the bank expansion and marketing plans in place. The bank shall open
more branches and introduce new products and services as the market may require and
given that adequate capital shall be available. The increase in asset portfolio shall
enable the bank to grow and realize profit.
Second Schedule
Capital Markets and Securities (Prospectus
Requirements) (Amendment) Regulations, 2010
CONSULTANTS
FOR
RESOURCES
EVALUATION
LIMITED
Professional capabilities
CORE
CREL
Pomy Engineering
Limited
SECTION E
RISK FACTORS
! $ "& !! " # % # $ !&
""! !!" !"! ##"
"
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RISKS RELATED TO THE BANKING INDUSTRY
# " & !! " " " #!" & &
" !!' !$$"#!!!% &#"!"!
" !#"%
Economic Risk: %&&+ " !,!-% $""!" + ) &" $
$ &$ ! & '%!%% $")& #$"%#&% ! "#$&"! $%'&% "
!%! &&"!#'&!#$"'%&'%!%%%&$&+%+%& %
!#$"'$%&" ! ,
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($%"!" "!&"!%)!"& #$
-%#$"$ !
Overseas Shareholders: $"$% ! !(%&"$% %"' !"&
&& & $!$+ $% ! '&'$ (!% $ !" !& ! !,!
!% ) "' & &"% )"% #$!# '$$!+ % !"& !,!
!%
Strategic risk: &$& $% % & $% " ($% #& "! '$$!& !
#$"%#&( $!!% "$ #& $%! $" !"$$& "$ !##$"#$& '%!%%
%"!% #$"#$ # !&&"! " %"!% "$ " $%#"!%(!%% &"
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!+%'"'$$!%
Credit risk: $& $% % & $% " "%% ' &" & '$ " "$$")$ &"
& &% $& "&"!% ! "$! )& $ "!&$& &$ % $& $%
%'#&$%&#$&"&
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54
SECTION F
STATUTORY INFORMATION
OFFER STATUTORY INFORMATION
Particulars of the Initial Public Offer and listing
There are 50,000,000 ordinary shares are being offered to the public at a price of
TZS 500 per share. They are invited to apply only on the application form attached
to, or issued in connection with, this Prospectus. Exceptionally, investors can also
apply through their mobile money accounts through MaxMalipo. Details of this
aspect are given in Section G Applications using mobile
The offer will open at 8.00 am on Monday, 23 March 2015 and end at the close of
business on Monday, 4 May 2015.
Eligibility
This offer is open to all the general public, Tanzanians and all East Africans alike to
the extent that the purchase of these shares would not be illegal in those other
jurisdictions.
Directors shareholding
No director has any beneficial or non-beneficial interest in the promotion of the Bank
in the Offer. Neither have any sums been, or need to be paid, to any Director or
promoter in cash or otherwise to induce him to become a member of the Bank, or for
the rendering of services in connection with the promotion of the Bank. The Bank
has not granted share options to any director and there are no requirements for
qualification shares
Conflict of interest
The Banks Articles do not preclude a Director from entering into contracts or being
interested in contracts or arrangements with the Bank. However, a Director who is in
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Use of proceeds
The Bank will utilise net of IPO proceeds to enlarge the capital base, which will cover
the minimum core capital requirements as well as provide funds for initial operations
at a sufficiently large scale to ensure profitable operations as soon as possible,
payment of dividends and opening of new branches.
Authorisations
Letter Reference CMSA/F3/B.25 dated 19/2/2015 from the Capital Markets.
Documents available for inspection
Copies of the following documents will be available for inspection at MCB PLCs
registered offices at any time during business hours on weekdays (except official
Tanzania public holidays) from the offer opening date to the offer closing date:
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Memorandum
Articles
Transferability of shares
Alteration of Capital
General Meeting
Directors
Dividend Policy
Winding Up
Appendix I
Appendix II
Appendix III
CO/MCB PLC/LHS/107/15
The Directors
Mwalimu Commercial Bank PLC (In Formation)
P.O. Box 61002
Dar es-Salaam
Tanzania
Ladies and Gentlemen,
RE:
1.0
2.0
Interpretation
2.1
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APPENDIX II:
SUMMARISED MAXMALIPO PROCESS FLOWS
PART A: REGISTRATION
a. First registration
1.
2.
3.
Send MSISDN
FirstName|MiddleName|LastName|Address
MSISDNValidity|MobileWalletValidity|&above details
4.
Prompt with Unit Price of shares and ask to enter number of shares
5.
6.
Prompt with Unit Price, Number of shares entered above and total
amount computed, and request confirmation
7.
8.
Send SMS Text to the MSISDN with the control number, and
Registration number, and due date
2.
3.
4.
Prompt with Unit Price of shares and ask to enter number of shares
5.
6.
Prompt with Unit Price, Number of shares entered above and total
amount computed, and request confirmation
7.
8.
Send SMS Text to the MSISDN with the control number, and
Registration number, and due date
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APPLICATION FORM
A copy of the Prospectus to which this application is attached was registered in terms of section 35 of the
Companies Act, Cap. 212 and section 131 of the Capital Markets and Securities Act, Cap 79 (as amended)
(the Prospectus)
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Dated: _________
Mobile # __________
Signature:
Assisted by: (where applicable)
Mrs
Miss
Other title
All successful applicants will receive a CSD depository receipt as proof of their shareholding in MCB PLC
Name in full (if an individual)_________________________________ ID Issuers Name or Law ______________________
Name in full as registered (for Corporates)_____________________ ID Issuers Name or Law ______________________
Name of competent registering Authority___________________________________
Collection instructions: please indicate (tick)- Posted to me at the given on the application form The Depository
Receipts or refund cheque (if any) should be - sent to the authorized receiving agent to wait collection
Identity Number (individuals only)______________________________________
Registration Number (for Corporates)_________________law_______________
Only legally recognised persons or entities may apply, It is necessary to produce positive identication when collecting Depository Receipts or refund cheques (if any). Depository Receipts and refund cheques (if any) will only be
available for collection from the Bank
P O Box :(.. )
Bank Account Holder: ..............................
Postal address Depository Receipts and refund
cheques (if any) will be sent to this address By registered post at the applicants risk.
TZS 500
If a recognized nominee company, state number of principals covered by this form (a supporting schedule which
discloses the number of shares applied for on behalf of each principal in respect of each application must appear in
the space provided overleaf)
(Please detach along the perforation and retain this portion for your records)
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