Higher govt’s patronage recorded at Fidson – MD, Fidelis Ayebae
Fidson Healthcare Plc, Managing Director, Fidelis Ayebae has revealed that the company can account for higher patronage from government.
Fidson is offering to the public 750,000,000 ordinary shares of 50 kobo each at N4.00 per share.
While presenting the “Facts Behind the Figures” at the Exchange in Lagos, Ayebae said, “We are witnessing an upward trajectory in terms of Government’s patronage of our products. Hopefully, that trend will continue and we continue to take advantage.”
Ayebae also revealed that his firm is set for a collaboration with foreign investors, whose identity are yet to be disclosed.
“Local manufacturing is very challenging but we do hope that we continue to record success. One of the strategic initiatives that we have taken is the collaboration with strategic entities (investors) from the first world country. And with the right issue, Fidson is looking to secure 100 percent,” Ayebae concluded.
The board Chairman, Segun Adebamiji, is optimistic about the right issue and believes that the cost-effective operation at Fidson is a benchmark toward quality products offered to the public.
“We are also happy with the quality of products offering that Fidson is providing. One area of interest for us is how the cost-effective operation at our company. The feedbacks and result we see reassure us that we are going in the right direction,” said Adebamiji.
Fidson has declared a final dividend of 15 kobo per 50 kobo ordinary share for the financial year ended Monday, December 31, 2018.
Incorporated in 1995 as a business entity, the company is one of the leading pharmaceutical companies in Africa.
The company blazed the trail in 2005, when it produced the first Anti retrovirals (ARVs) in Nigeria.
In 2007, the company emerged as the market leader when it raised N3bn through private placement.
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Business and Lifestyle Editor at Wheel NG