WED 13 OCT, 2021-theGBJournal- Nigerian Exchange Group Plc (NGX Group) has received approval from Nigerian Exchange Limited (NGX) to list its shares on the main board of NGX on Friday, 15 October 2021.
NGX Group will undergo a Listing by Introduction with 1,964,115,918 shares admitted to trading under the ticker, NGXGROUP.
In light of the foregoing, the register of members of the Company shall remain closed until Thursday, 14 October 2021 to complete the update of the register of members. It will be opened on Friday, 15 October 2021 when trading is scheduled to commence.
Group Chairman, NGX Group, Otunba Abimbola Ogunbanjo while commending the professional advisers to the transaction, said they are delighted to move ahead with the Listing by Introduction of NGX Group on the Main Board of NGX at this pivotal moment in the evolution of NGX Group.
‘’The Listing will bring significant benefits to The Group’s stakeholders and should enable The Group to enhance its strategic flexibility by creating new financing opportunities and partnership possibilities, while diversifying its shareholder base,’’ he said.
Acclording to the Group Managing Director/Chief Executive Officer, NGX Group, Oscar N. Onyema, OON, “we are particularly excited about the planned listing because The Exchange’s platform will position us to provide liquidity to The Group’s members. In turn, NGX Group will have access to the widest range of new investors within the Nigerian investing public as well as international institutions thereby reinforcing The Group’s presence in international capital markets and delivering value to its long-term shareholders.’’
He said given the new status as a listed company, they will maintain their key strategic focus geared at leveraging organic and inorganic growth opportunities for expansion of our business across relevant categories.
The Stockbrokers to the listing of NGX Group are Chapel Hill Denham Securities Limited and RMB Nigeria Stockbrokers Limited.
The Financial Advisers to NGX Group are Chapel Hill Denham Advisory Limited and Rand Merchant Bank Nigeria Limited; Aluko and Oyebode acted as Legal Adviser.
The Exchange said interested investors can purchase shares in The Group through Trading License Holders on NGX.
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