Wednesday, January 05, 2022 / 10:57 PM / by BUAGroup / Header Image Credit:  BUA Group 

BUAFoods Plc ("BUA Foods" or the "Company") is pleased to announce that it hasreceived approval to list on the Main Board of The Nigerian Exchange ("NGX").

BUAFoods has satisfied the listing requirements of The Exchange and obtainedrelevant regulatory approvals, as a result, BUA Foods is now listed in theconsumer goods sector of the Exchange, with the ticker "BUAFoods". A total of18,000,000,000 (eighteen billion) shares were admitted to trading,representing the total issued share capital of the Company.

Thelisting 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 onthe Exchange.

Commentingon the listing, Abdul Samad Rabiu, CON, Chairman of BUA Group said "I amdelighted that yet another member of BUA Group has been listed on the NGX. Thisshows our commitment to national economic growth and support for the foodsecurity drive of the nation in alignment with global sustainability goals."

Weappreciate the continued support of our stakeholders - financial advisers,stock brokers, suppliers, customers, consumers and members of staff. Inparticular, we cherish our host communities with whom we continue to entrenchvery strong and mutually beneficial relationships."

TheActing Managing Director, BUA Foods, Engr. Ayodele Abioye, also stated, "thelisting today marks a new beginning for a Company playing a critical role inthe FMCG industry, one that's highly committed to nourishing lives with all ourproduct offerings. The listing resonates with our commitment to sustainablegrowth as we nourish and enrich the lives of consumers by delivering highquality products at competitive prices. This listing creates an avenue foreveryone to be a part of the success story of BUA Foods and benefit from thegrowth opportunities ahead."

Forover three decades, the company has maintained an unbroken streak ofyear-on-year growth, establishing ultra-modern production facility acrossmultiple locations. BUA Foods remains a consistent leading player in the Foodand FMCG industry with strong reputation for exceeding customers and consumersexpectations with high-quality products.

BUAFoods also continues to invest in modern technology for efficient foodproduction, innovating and expanding with strategic partners across the valuechain. The company is also well positioned to leverage significant exportpotentials across West Africa and the larger African continent.

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