Wednesday, October13, 2021 / 11:13 AM / by NGX / Header Image Credit: NGX 

Nigerian Exchange Group Plc ('NGX Group' or 'TheGroup') has received approval from Nigerian Exchange Limited (NGX or TheExchange) to list its shares on the main board of NGX on Friday, 15 October2021. NGX Group will undergo a Listing by Introduction with 1,964,115,918shares admitted to trading under the ticker, NGXGROUP.

In light of the foregoing, the register of membersof the Company shall remain closed until Thursday, 14 October 2021 to completethe update of the register of members. It will be opened on Friday, 15 October2021 when trading is scheduled to commence.

Speaking on this development, the Group Chairman,NGX Group, Otunba Abimbola Ogunbanjo, stated, thus, "We aredelighted to move ahead with the Listing by Introduction of NGX Group on theMain Board of NGX at this pivotal moment in the evolution of NGX Group. I mustcommend the professional advisers to this transaction for the dedication andstrict adherence to global best practices that has brought us to this milestoneevent. The Listing will bring significant benefits to The Group's stakeholdersand should enable The Group to enhance its strategic flexibility by creatingnew financing opportunities and partnership possibilities while diversifyingits shareholder base.

The Group Managing Director/ChiefExecutive Officer, NGX Group, Oscar N. Onyema, OON, notedthat, "We are particularly excited about the planned listingbecause The Exchange's platform will position usto provide liquidity to The Group's members. In turn, NGX Groupwill have access to the widest range of new investors within the Nigerian investingpublic as well as international institutions thereby reinforcing The Group'spresence in international capital markets and delivering value to its long-termshareholders. In our new status as a listed company, we will maintain our key strategic focus geared at leveragingorganic and inorganic growth opportunities for expansion of our business acrossrelevant categories".

The Stockbrokers to the listing of NGX Groupare Chapel Hill Denham Securities Limited and RMB Nigeria Stockbrokers Limited.The Financial Advisers to NGX Group are Chapel Hill Denham Advisory Limited andRand Merchant Bank Nigeria Limited; Aluko and Oyebode acted as Legal Adviser.

Interested investors can purchase shares inThe Group through Trading License Holders on NGX.

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