Geregu Power Plc set to become first power firm to list on Nigerian exchange
Story from Abah ADAH, Abuja
All is now set for Geregu Power Plc to be admitted as the first power company into the Mainboard of the Nigerian Exchange Limited (NGX) formerly Nigerian Stock Exchange, on Wednesday, 5 October 2022.
The admission, according to reports, is by way of Listing By Introduction (LBI) with the admittance of 2,500,000,000 ordinary shares of 50 kobo each at N100 per share on the Exchange.
READ ALSO: Groups urge revocation of DisCos’ licences over inefficiency, consumer exploitation, others
The company appointed the accounting firm of Price Waterhouse Coopers (PwC) in June 2022 as auditors of the firm; and also brought on board Mr Paul Miyonde Gbededo, former Group Managing Director/CE of FMN to its board.
To mark the significance of the listing, a closing gong ceremony is being planned for the last week of October 2022.
Nigerian Exchange (NGX), a wholly-owned subsidiary of the Nigerian Exchange Group (NGX Group), is a leading listing and trading venue in Africa with its history dating back to 1960 when the Lagos Stock Exchange was founded. It is an open, professional, and vibrant exchange, connecting Nigeria, Africa, and the world.
