AVA Capital Plc has been admitted to the Main Board of Nigerian Exchange Limited (NGX) following the listing by introduction of its 5 billion ordinary shares at N7.50 per share, with a market capitalisation of N37.5 billion.
The listing marks a significant milestone in the Company's growth journey, reinforcing its commitment to sustainable growth, strong corporate governance and long-term value creation.
Speaking at the 'Facts Behind the Listing' ceremony in Lagos, Chief Executive Officer Kayode Fadahunsi stated that by listing by introduction, existing shares are admitted to trading without issuing new shares, raising capital, or diluting shareholders.
Fadahunsi described the admission as a defining moment in the Company's evolution. 'Our admission to the Main Board of Nigerian Exchange is more than a listing; it is a public affirmation of the business we have built and the future we are committed to creating,' he said.
Jude Chiemeka, Chief Executive Officer of Nigerian Exchange Limited, said the admission reflects the continued confidence of businesses in Nigeria's capital market as a platform for sustainable growth.
