BUA Foods Plc has listed a total of 18 billion shares on the Nigerian Exchange (NGX) after receiving approval from the bourse.
The firm, in a statement on Wednesday, said it satisfied NGX listing requirements and obtained relevant regulatory approvals before getting listed with the ticker “BUAFOODS”.
The 18 billion shares were admitted to trading, representing the total issued share capital of the Company.
Listing by introduction means that existing shareholders of BUA Foods have been listed without having to sell additional shares publicly. All BUA Foods shareholders will be able to trade their shares on the Exchange from now on.
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.”
The Acting Managing Director, BUA Foods, Engr. Ayodele Abioye, also stated, “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.”