The Nigerian Exchange Ltd. (NGX) has authorized the listing of Halden McCall Plc’s N11.98 billion ordinary shares through introduction. Halden McCall is a leading real estate and hospitality firm. Listing via Introduction signifies that the business met all of the Exchange’s listing requirements.
Dr. Edward Akinlade, Managing Director of Halden McCall, acknowledged this in a statement issued Monday in Lagos. Akinlade stated that the company’s 3.122 billion ordinary shares, valued at N3.84 per share, will be launched on the NGX Main Board on November 20.
According to him, the total value of the shares is N11.98 billion, and the listing is expected to boost the market capitalisation of the NGX by the amount. He stated that the listing would be followed by the company’s presentation of Facts Behind the listing on the Exchange to unfold its current status and future plan to securities dealers.
“The upcoming listing of our company’s shares on NGX is a milestone. We are thrilled to join the NGX community of prestigious companies.
“The listing shall enhance our ability to provide our shareholders with liquidity and accessibility. It will also enable us to tap into the capital market, drive growth and expansion,” he said. He explained that the significant milestone underscored the company’s commitment to transparency, corporate governance and investor confidence.
The managing director stated that the business was brought to NGX by Finmal Finance Services Ltd. and Chartwell Securities, both capital market consultants and stockbrokers.
Halden McCall, a private limited company with an emphasis on real estate, was founded on March 27, 2012, and now owns the renowned Suru Express Hotels and Suru Homes brands throughout West Africa.
Reputable as a significant participant in Africa’s rising markets, the firm has successfully created and sold luxury residential flats in the upper neighbourhood of Ikeja GRA, a higher-class sector of Lagos’ metropolitan region.
