Commenting on the listing, the Group Chairman, Nigerian
Exchange Group Plc, Otunba Abimbola Ogunbanjo said, “Today’s Listing of NGX
Group on NGX is another milestone attained pursuant to the Group’s 2018 – 2021
corporate strategy. Our shareholder base has more than doubled since our
demutualisation in March 2021 and our valued shareholders will benefit from the
enhanced liquidity that listing on The Exchange will facilitate.
This listing will also enable a much wider universe of
potential investors and market participants to share in our growth journey. As
a Board, we embrace the letter and spirit of the listing requirements and we
are committed to transparent disclosure, proactive stakeholder engagement and
exemplary corporate governance.”
The Group Managing Director/Chief Executive Officer, NGX
Group, Mr. Oscar N. Onyema, OON, stated, “Today’s listing of NGX Group on the
nation’s premier Exchange, NGX, will enable institutional investors globally as
well as the Nigerian public to invest in Nigerian Exchange Group Plc.
With strengthening market dynamics, serving the largest
economy in Africa, NGX Group’s listing allows us to expand in key capital
market infrastructure verticals and look beyond Nigeria’s borders, as we
deliver on our growth plans to become Africa’s leading capital market
infrastructure group.”
The Chief Executive Officer, NGX, Mr. Temi Popoola, CFA,
commented on the milestone listing stating, “We are excited to welcome NGX
Group to the main board of The Exchange and we congratulate the Board and
Management first on a successful demutualisation and on its subsequent listing.
This move is particularly exciting, as it will position NGX
Group to provide liquidity to members while stimulating the capital market
ecosystem to grow at the same pace as the economy. Today, we reiterate our
commitment to being a trusted partner to NGX Group and other listed companies
as we continue to build a platform that allows our listed companies, investors
and other stakeholders to maximise value in our market.”
NGX Group has issued a listing by introduction Information
Memorandum in relation to the listing. A copy of the Listing Memorandum is
available on the website of the Group
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