Members of the NSE had approved the demutualisation scheme of the Exchange at an EGM in March 2017. Court NSEOwnership
The Chief Executive Officer, NSE, Oscar N. Onyema, said the NSE demutualisation process is moving in line with the expected sequence of events, following the conclusion of its Extraordinary General Meeting , and Court Ordered Meeting , in March.
“We are looking to secure the reregistration of the Exchange as well as the approval of the Securities and Exchange Commission within the coming months.”This was followed by the signing of the demutualisation of the NSE Bill into law in August 2018. Meanwhile, the Exchange also announced the successful listing of FBNQuest Merchant Bank’s N5billion three-year 10.50 per cent bond on the NSE, which was commemorated with a digital closing gong ceremony on Friday.
“We also commend all the parties to the transaction. At the NSE, we are committed to giving issuers and investors a platform to access right-sized capital even in the toughest of times as well as providing opportunities for secondary market trading activities across multiple asset classes – equities, bonds, ETFs.Speaking on the transaction, Managing Director/CEO, Kayode Akinkugbe, stated, “We are pleased to announce the listing of the FBNQuest MB Funding SPV PLC bond on the NSE.
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