The shareholders of Nigerian Exchange Group Plc (NGX Group) has approved to raise N10 billion through rights issue and boost capital.
approved a capital raise of N10 billion through a rights issue.A rights issue is an invitation to existing shareholders to purchase additional new shares in a firm.
“Following substantial authorization across its agenda, NGX Group introduced plans to propel the markets with a digital transformation journey that includes an online platform for public offers and deep investments in its technology stack amongst others.
“As the Board oversees the strategic direction and gives management the necessary support and guidance, we believe that the coming year will be a better one in terms of value created for our shareholders,” Kwairanga said.“NGX Group is positioned to capitalize on opportunities amid the positive and forward-looking reforms by the government and our stakeholders should rest assured we will deliver excellently.
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