Zichis Agro-allied Industries to list N1.09bn shares on NGX
Zichis Agro-allied Industries Plc has revealed plans to list its shares on the Nigerian Exchange Limited’s Growth Board. The company aims to list 600 million ordinary shares, each priced at N1.81, reaching a market value of N1.09bn. Hezekiah Oshaba and Anthonia Akabusi highlighted the company’s commitment to regulatory compliance and transparency. Financial advisers QCAPITAL Limited and Cordros Capital Limited are supporting the transaction.
TLDR
- Zichis Agro-allied Industries plans to list 600 million shares at N1.81 each, totaling N1.09bn, on the NGX Growth Board.
- The company’s board and management pledged to follow best corporate governance and regulatory practices.
- Anthonia Akabusi described the listing as a major milestone and emphasized transparency and timely disclosure.
- Financial advisers QCAPITAL Limited and Cordros Capital Limited will support the listing and post-listing phase.
- For the financial year ended 31 December 2024, turnover reached N289m, up from N132m in 2023, with a declared dividend of five kobo per share for 2024.
