NGX Group Announces Successful Listing on NGX


Nigerian Exchange Group Plc ('NGX Group' or 'The Group') is delighted to announce the successful listing of its shares on the Main Board of Nigerian Exchange Limited ('NGX' or 'The Exchange').


Having satisfied the Listing Requirements of The Exchange and obtained relevant regulatory approvals, NGX Group is now listed in the Financial Services and Capital Market Infrastructure sector of the Exchange, with the ticker "NGXGROUP". A total of 1,964,115,918 shares were admitted to trading, representing the issued share capital of the Group as of today.


Commenting on the listing, the Group Chairman, Nigerian Exchange Group Plc, Otunba Abimbola Ogunbanjo said, "Today's Listing of NGX Group on NGX is another milestone attained pursuant to the Group's 2018 - 2021 corporate strategy. Our shareholder base has more than doubled since our demutualisation in March 2021 and our valued shareholders will benefit from the enhanced liquidity that listing on The Exchange will facilitate. This listing will also enable a much wider universe of potential investors and market participants to share in our growth journey. As a Board, we embrace the letter and spirit of the listing requirements and we are committed to transparent disclosure, proactive stakeholder engagement and exemplary corporate governance".

Proshare Nigeria Pvt. Ltd.

The Group Managing Director/Chief Executive Officer, NGX Group, Mr. Oscar N. Onyema, OON, stated, "Today's listing of NGX Group on the nation's premier Exchange, NGX, will enable institutional investors globally as well as the Nigerian public to invest in Nigerian Exchange Group Plc. With strengthening market dynamics, serving the largest economy in Africa, NGX Group's listing allows us to expand in key capital market infrastructure verticals and look beyond Nigeria's borders, as we deliver on our growth plans to become Africa's leading capital market infrastructure group".


The Chief Executive Officer, NGX, Mr. Temi Popoola, CFA, commented on the milestone listing stating, "We are excited to welcome NGX Group to the main board of The Exchange and we congratulate the Board and Management first on a successful demutualisation and on its subsequent listing. This move is particularly exciting, as it will position NGX Group to provide liquidity to members while stimulating the capital market ecosystem to grow at the same pace as the economy. Today, we reiterate our commitment to being a trusted partner to NGX Group and other listed companies as we continue to build a platform that allows our listed companies, investors and other stakeholders to maximise value in our market".


NGX Group has issued a listing by introduction Information Memorandum in relation to the listing. A copy of the Listing Memorandum is available on the website of the Group.

Proshare Nigeria Pvt. Ltd.

Related News  

1.       NGX Announces Resignation of Oscar N. Onyema on the Back of the Imminent Listing of NGX Group

2.      NGX Group Receives Approval to List from NGX

3.      NGX Group Upholds Global Best Practices Ahead of Planned Listing by Introduction

4.      NGX Group Confirms Intention to List on NGX

5.      NGX Group Notifies of Change of Name and Brand Identity Post-Demutualisation

6.      Demutualisation: Oscar Onyema Completes Tenure as NSE CEO, Transitions into Group CEO

7.      NSE Completes Demutualisation, SEC and CAC Approve

8.     NGX Group Launches New Brand Identity and Website - Apr 13, 2021

9.      Nigerian Exchange (NGX) Limited Offers Free Training to Derivatives Traders - Apr 07, 2021

10.  Demutualisation: Oscar Onyema Completes Tenure as NSE CEO, Transitions into Group CEO - Apr 06, 2021

11.   SEC Approves Appointment of CEOs of Demutualised Entities of The NSE - Apr 01, 2021

12.  Demutualization of NSE: Innovative Products Key to Deepening Capital Market - Mar 23, 2021

13.  NSE Demutualization Will Provide an Avenue for the Exchange to Achieve Greater Efficiency - Mar 11, 2021

14.  NSE Completes Demutualisation, SEC and CAC Approve - Mar 10, 2021

15.  Demutualisation: NSE Announces Chief Executives for Emerging Entities - Jan 06, 2021

16.  NSE Demutualisation Receives Boost as Court Sanctions Scheme of Arrangement - May 18, 2020

17.   NSE Members Assent to Demutualisation Resolutions at COM and EGM - May 03, 2020

18.  NSE Set to Hold Strategic Meetings As Demutualization Nears Completion - Feb 12, 2020

19.  Nigeria Stock Exchange (NSE) Prepares For Demutualisation, Advises Brokers To "Combine" - Feb 07, 2020

20. NSE Demutualisation Crosses Major Hurdle As Buhari Signs Bill - Sep 27, 2018

21.  An Insight to the Regulatory Issue Arising from the Demutualisation of the NSE - Feb 17, 2018

22. Members Approved NSE Demutualisation Process - Mar 30, 2017

23. NSE Announces Financial Advisers for Demutualisation​ - Oct 13, 2015

24. Brokers call on SEC board to publish guidelines for demutualisation - Mar 05, 2013

25. Demutualisation of NSE may begin in Q2 - Mar 01, 2012

26. SEC Inaugurates NSE’s Demutualisation Committee - Sep 23, 2011

27.  ASHON writes SEC on Council Members, Demutualisation - Apr 13, 2011

28. NSE restructures ahead of demutualisation plans - Mar 11, 2011

29. Why a return to demutualisation would be a great relief - May 20, 2010

30. Demutualisation: Nobody will hijack NSE, Onyiuke - 2010

31.  NSE Demutualisation to be Concluded in 2012 - Sep 28, 2010

32. NSE DG leaves office November 2010, suspends demutualisation - Nov, 2010

33. Shareholder leader query NSEs proposed demutualisation - Jan 19, 2009


 Proshare Nigeria Pvt. Ltd.

Related News