The authorities of the Nigerian Exchange Group (NGX) will list 4,344,844,360 ordinary shares of 50 Kobo each of Aradel Holdings on the Main Board of NGX today, October 14, 2024. Each share of the company will be listed at N702.69 per share, the NGX has disclosed through a notice sent to the stakeholders.
“We are delighted to invite you to the “Facts Behind the Listing” presentation and “Closing Gong Ceremony” by the board and management of Aradel Holdings Plc. This event represents a significant milestone for the company as it prepares to list 4,344,844,360 ordinary shares of 50 Kobo each at N702.69 per share on the Main Board of Nigerian Exchange Limited.
“Led by Mr. Ladi Jadesimi, Chairman, Aradel Holdings Plc, the Executive Management will offer insights into the company’s strategic vision for the future, its growth trajectory, key business strategies and the anticipated impact of this listing on its operations and market positioning,” NGX stated.
Aradel Holdings Plc is a fully integrated energy group, having interests in multiple oil and gas assets, and its business spanning the upstream, midstream and downstream value chain of the oil and gas industry. The group takes a long-term view to energy provision and the global energy transition.
Aradel Holdings continues to seek avenues to introduce technology that harnesses the abundant and diverse sources of energy in Nigeria and Africa into an energy bouquet that is affordable and sustainable in reaching net zero and promotes energy access.
The listing of Aradel Holdings’ shares on Monday will increase the market capitalisation of the NGX by over N3 trillion.
At the close of business on October 11, 2024, the market capitalisation of NGX stood at N56.09 trillion.
