NGX Group Lists 1.964bn Ordinary Shares By Introduction

IN its quest to widen scope of access to new range of investors, Nigerian Exchange Group (NGX) Plc has finally listed 1.964 billion Ordinary Shares of 50 Kobo each at N16.15 Per Share.

This was disclosed in a statement by the group released on Friday which said the listing was done following approval of “application to list the company’s entire issued and fully paid shares.”

“Trading License Holders are hereby notified that the entire issued and fully paid 1,964,115,918 ordinary shares of Nigerian Exchange Group Plc (NGX Group or the Company) were listed by Introduction on the Main Board of Nigerian Exchange Limited (the Exchange) on Friday, 15 October 2021.

“The trading symbol of Nigerian Exchange Group Plc is NGXGROUP,” the statement reads.

NGX Group Chairman, Otunba Abimbola Ogunbanjo, had in a statement issued on Wednesday in Lagos, announced that the Exchange has received approval to list is shares by introduction.

Abimbola said the listing would bring significant benefits for the group’s stakeholders, adding that it would “enable the group to enhance its strategic flexibility by creating new financing opportunities and partnership possibilities, while diversifying its shareholder base.’’

Victor Ezeja

Correspondent at Prime Business Africa |  + postsBio

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.

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