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   Market Date: 31-10-2014   
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Fidson Healthcare to list shares on NSE

Category: Capital Market


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Fidson Healthcare to list shares on NSE

 

The Chief Executive Officer/Managing Director, Fidson Healthcare Plc, Mr. Fidelis Ayabae said on Thursday that the company was set to list its shares on the Nigerian Stock Exchange.

 

Ayaebe said this during the formal presentation of the NIS ISO certificate to Fidson by the Standards Organisation of Nigeria in Ogun State.

 

He said the listing would help the company in its expansion plans.

 

He explained, “The quotation committee will be meeting next Wednesday and we have information that we have been put on the list for approval. I do believe that at the end of the meeting, we will be listed.”

 

According to him, the company has promised investors that bought into its private placement in 2007 that it would be listed in the first quarter of 2008.

 

“We believe that that is the only way investors can get benefit from their investment. There is no sense in offering a private placement and not being listed as soon as possible. We are going to be listed at about N7.50 per share,” he added.

 

Ayaebe said that the certification by SON, would propel his company to help in developing the pharmaceutical industry, through the deployment of indigenous efforts and resources.

 

He stated that the pharmaceutical industry in the country was still growing, adding that with the support of the regulatory authorities, its contributions to the nation’s Gross Domestic Product, would be enhanced.

 

The Director-General, SON, Mr. John Akanya, in his speed, stressed the fact that quality was imperative for efficient business performance by any orgainsation.

 

Akanya, who spoke through the Director, Systems, SON, Mrs. Oluremi Ayeni, said the ISO system certification, was a mark of conformity of the company to standard. She, however, warned the company that the certificate would be withdrawn if the structures that qualified it for the award failed without necessary actions taken to address it.

 

“Quality and continuous improvement have become extremely important and the concept of quality has gone beyond physical, chemical and mechanical properties of products, to include the management of the interaction between priocesses.

 

“Your biggest challenge today is to strive to direct your quality policy towards sustainable development and to achieve an optimal balance between economic progress and social benefits,” Akanya said. - Punch

 



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