BUA Foods Lists 18 bln Shares at N40 on NGX

BUA Foods Lists 18 bln Shares at N40 on NGX

BUA Foods Plc lists 18 billion shares on the Nigerian Exchange (NGX) first trading day in the New Year at N40 per share by way of introduction. The company became a public company following approval to list on the main board of the Nigerian Exchange

In a statement, BUA Foods said it satisfied the listing requirements of The Exchange and obtained relevant regulatory approvals, as a result, BUA Foods is now listed in the consumer goods sector of the Exchange, with the ticker “BUAFoods”.

A total of eighteen billion shares were admitted to trading, representing the total issued share capital of the Company. The company explains that the listing by introduction means that the shares of existing BUA Foods shareholders have been listed without an additional public sale of shares.

Henceforth, all BUA Foods shareholders will be free to trade their shares on the Exchange, it said.

Commenting on the listing, Abdul Samad Rabiu, CON, Chairman of BUA Group said “I am delighted that yet another member of BUA Group has been listed on the NGX. This shows our commitment to national economic growth and support for the food security drive of the nation in alignment with global sustainability goals.”

“We appreciate the continued support of our stakeholders – financial advisers, stockbrokers, suppliers, customers, consumers and members of staff. In particular, we cherish our host communities with whom we continue to entrench very strong and mutually beneficial relationships.”

Also speaking, the Acting Managing Director, BUA Foods, Engr. Ayodele Abioye, said, “the listing today marks a new beginning for a Company playing a critical role in the FMCG industry, one that’s highly committed to nourishing lives with all our product offerings.

“The listing resonates with our commitment to sustainable growth as we nourish and enrich the lives of consumers by delivering high-quality products at competitive prices.

“This listing creates an avenue for everyone to be a part of the success story of BUA Foods and benefit from the growth opportunities ahead.” Read Also: BUA Foods Shareholders Get N63 Billion as Dividend

For over three decades, the company has maintained an unbroken streak of year-on-year growth, establishing ultra-modern production facilities across multiple locations.

BUA Foods remains a consistent leading player in the Food and FMCG industry with a strong reputation for exceeding customers’ and consumers’ expectations with high-quality products.

BUA Foods also continues to invest in modern technology for efficient food production, innovating and expanding with strategic partners across the value chain.

The company is also well-positioned to leverage significant export potentials across West Africa and the larger African continent. # BUA Foods Lists 18 mln Shares at N40 on NGX

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