Home Business BUA Foods Plc receives approval, gets listed on NGX

BUA Foods Plc receives approval, gets listed on NGX

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BUA Foods Plc has announced that it has received approval to appear on the list of the Main Board of The Nigerian Exchange (NGX).

This is coming after BUA Foods satisfied the listing requirements of The Nigerian Exchange and has obtained relevant regulatory approvals.

BUA Foods is now listed in the consumer goods sector of the Exchange, with the ticker “BUAFoods”. A total of 18,000,000,000 (eighteen billion) shares were admitted to trading, representing the total issued share capital of the Company.

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.

Commenting on the listing, the Chairman of BUA Group, Abdul Samad Rabiu, CON, 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 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.”

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

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