Proshare Logo
   Market Date: 27-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Afromedia finally set to list N11.783 bn on Stock Exchange

Category: Investors NewsBeat

  Read (2086)
Afromedia finally set to list N11.783 bn on Stock Exchange


Proshare NI
May 13, 2009 at 15:52 GMT
Afromedia Plc, a pioneer and leading out-of-home media company is finally set to list N11, 783,652,136.44 worth of shares on the Floors of the Nigerian Stock Exchange (NSE) in Lagos Nigeria.
The company would be listing 4,035,497,307 Ordinary Shares of 50 Kobo each at N2.92 per share on Monday May 18 2009.
This is coming on the heels of its earlier concluded N3.0 billion Private Placement (PP). The Placement closed on May 30 2008 as contained in the Placement Memorandum which means that the company is listing about a year after concluding the fund raising.
Afromedia had earlier promised to list three (3) months after the Placement was completed.

As earlier reported, Joint Issuing House to the transaction can guarantee allotment to investors that subscribe through BGL. The Private placement closes this week, on the 30th of May, 2008.
Also, the company early October 2009 announced it has put in place a new Board of Directors (BOD). This new board has its Chairman as Onaolapo Soleye, former Minister of Finance, Akin Olopade, as Group Managing Director, (GMD), Patrick Nwabunie, Group Deputy Managing Director, (GDMD) Sunday Shadrach Nwachukwu, Group Finance Director, (GFD) Mohammed Gobir, Non-Executive Director and Alex Amorighoye, also a Non-Executive Director
In the same vein, Afromedia started as part of the UACN group in 1929, and is one of the most experienced out- of- home advertising agencies in Nigeria today, with a vision to be the preferred choice in the Out of Home media industry in Nigeria and West-Africa.


Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Investors NewsBeat

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014