{"id":37271,"date":"2021-10-13T15:24:32","date_gmt":"2021-10-13T15:24:32","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=37271"},"modified":"2021-10-13T15:24:33","modified_gmt":"2021-10-13T15:24:33","slug":"nigeria-exchange-group-receives-approval-to-list-its-shares","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/nigeria-exchange-group-receives-approval-to-list-its-shares\/","title":{"rendered":"Nigeria Exchange Group receives approval to list its shares &nbsp;"},"content":{"rendered":"<p>The Nigerian Exchange Group (NGX Group) has received approval from the Nigerian Exchange Ltd (NGX) to list its shares on the main board of the NGX on Friday. &nbsp;<\/p>\n\n\n\n<p>The NGX Group Chairman, Otunba Abimbola Ogunbanjo, said this in a statement issued on Wednesday in Lagos. &nbsp;<\/p>\n\n\n\n<p>Abimbola said the NGX Group would undergo a listing by introduction of more than 1.964 billion shares admitted to trading under the ticker, NGXGROUP. &nbsp;<\/p>\n\n\n\n<p>\u201cWe 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. &nbsp;<\/p>\n\n\n\n<p>\u201cI must commend the professional advisers to this transaction for the dedication and strict adherence to global best practices that has brought us to this milestone event. &nbsp;<\/p>\n\n\n\n<p>\u201cThe listing will bring significant benefits to the group\u2019s stakeholders and should enable the group to enhance its strategic flexibility by creating new financing opportunities and partnership possibilities, while diversifying its shareholder base,\u2019\u2019 he said. &nbsp;<\/p>\n\n\n\n<p>Also speaking, the Group Managing Director\/Chief Executive Officer, NGX Group, Mr Oscar Onyema, said the group was excited about the listing. &nbsp;<\/p>\n\n\n\n<p>\u201cWe are particularly excited about the planned listing because the exchange\u2019s platform will position us to provide liquidity to the group\u2019s members. &nbsp;<\/p>\n\n\n\n<p>\u201cNGX 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\u2019s presence in international capital markets and delivering value to its long-term shareholders. &nbsp;<\/p>\n\n\n\n<p>\u201cIn our new status as a listed company, we will maintain our key strategic focus geared at leveraging organic and inorganic growth opportunities for expansion of our business across relevant categories,\u201d Onyema said. &nbsp;<\/p>\n\n\n\n<p>He noted that interested investors would purchase shares in the Group through trading license holders on NGX. &nbsp;<\/p>\n\n\n\n<p>The stockbrokers to the listing of NGX Group are Chapel Hill Denham Securities Ltd and RMB Nigeria Stockbrokers Ltd. &nbsp;<\/p>\n\n\n\n<p>The Financial Advisers to NGX Group are Chapel Hill Denham Advisory Ltd and Rand Merchant Bank Nigeria Ltd; Aluko and Oyebode acted as Legal Adviser. &nbsp;<\/p>\n\n\n\n<p>Interested investors can purchase shares in The Group through Trading License Holders on NGX. &nbsp;<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-37271\" data-postid=\"37271\" class=\"themify_builder_content themify_builder_content-37271 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Nigerian Exchange Group (NGX Group) has received approval from the Nigerian Exchange Ltd (NGX) to list its shares on the main board of the NGX on Friday. &nbsp; The NGX Group Chairman, Otunba Abimbola Ogunbanjo, said this in a statement issued on Wednesday in Lagos. &nbsp; Abimbola said the NGX Group would undergo a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":33102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[874],"class_list":["post-37271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-money","tag-ngx","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria Exchange Group receives approval to list its shares &nbsp; 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