Victor Ezeja
BUA Foods Plc has announced that it has received approval to list on the Main Board of the Nigerian Exchange (NGX).
According to a statement by the company’s Director, Marketing & Corporate Communications, Adewunmi Desalu, it received the approval after satisfying all the requirements for listing on the NGX.
It has a total of 18 billion shares admitted for trading, representing the total issued share capital of the company.
Join our WhatsApp Channel“BUA Foods has satisfied the listing requirements of The Exchange and obtained relevant regulatory approvals, as a result, BUA Foods is now listed in the consumer goods sector of the Exchange, with the ticker ‘BUAFOODS.’
“The listing by introduction means that the shares of existing BUA Foods’ shareholders has been listed without an additional public sale of shares. Henceforth, all BUA Foods shareholders will be free to trade their shares on the Exchange,” part of the statement reads.
Commenting on the listing, Abdul Samad Rabiu, CON, Chairman of BUA Group said “I am delighted that yet another member of BUA Group has been listed on the NGX. This shows our commitment to national economic growth and support for the food security drive of the nation in alignment with global sustainability goals.
“We appreciate the continued support of our stakeholders – financial advisers, stock brokers, suppliers, customers, consumers and members of staff. In particular, we cherish our host communities with whom we continue to entrench very strong and mutually beneficial relationships.”
The Acting Managing Director, BUA Foods, Engr. Ayodele Abioye, also stated that, the listing marks a new beginning for the Company which plays a critical role in the FMCG industry, “one that’s highly committed to nourishing lives with all our product offerings.
“The listing resonates with our commitment to sustainable growth as we nourish and enrich the lives of consumers by delivering high quality products at competitive prices. This listing creates an avenue for everyone to be a part of the success story of BUA Foods and benefit from the growth opportunities ahead,” Engr Abioye stated.
For over three decades, the company has maintained an unbroken streak of year-on-year growth, establishing ultra-modern production facility across multiple locations. BUA Foods remains a consistent leading player in the Food and FMCG industry with strong reputation for exceeding consumers’ expectations with high-quality products.
BUA Foods also continues to invest in modern technology for efficient food production, innovating and expanding with strategic partners across the value chain. The company is also well positioned to leverage significant export potentials across West Africa and the larger African continent.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
