The Nigerian Exchange Group Plc (NGX) receives regulatory approval from the Nigerian Exchange Ltd (NGX) to list shares on the main board of the NGX on Friday.
NGX Group Chairman, Otunba Abimbola Ogunbanjo, in a statement said, “We 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.
In addition, the Group Managing Director, Oscar Onyema noted “We are particularly excited about the planned listing.
Onyema noted that the exchange is particularly excited because its platform will position the NGX to provide liquidity to the Group’s members and access to new investors which will reinforce the group’s global presence.
He said, “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 public as well as international institutions. Thereby, reinforcing the group’s presence in international capital markets and delivering value to its long-term shareholders
The NGX Group will undergo a Listing by way of introduction with 1,964,115,918 shares admitted to trading under the NGXGROUP.
After the complete update of registered members, trading begins Friday October 15th. Shares will be purchased in The Group through Trading License Holders on NGX.
The NGX groups express confidence and gratitude in light of this listing.
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.
