SAHCOL officially lists on The Nigeria Stock Exchange
April 24, 2019 by admin
Filed under Uncategorized
Today’s listing is a promising development in the country, being that SAHCOL is the first company under the BPE privatization programme to successfully finalize an Initial Public Offering and list its shares on a securities exchange.
Express Posting reported that SAHCOL was scheduled to list on the Nigeria Exchange today and we can confirm that the listing was a success.
The company sold 1.35 billion shares on NSE at N4.65.
The Chief Executive Officer, SAHCO, Mr Basil Agboarumi, said “This is in partial compliance (as approved by the BPE) with the share sale and purchase agreement executed in respect of the Federal Government’s divestment of 100 percent equity stake in the erstwhile Skypower Aviation Handling Company Limited.
“This listing will give Nigerians the opportunity to participate in the company’s growth story. The listing will also improve the liquidity of the company’s shares, increase the company’s visibility and credibility in the Nigerian market and beyond.”