Capital Market: BUA Foods Lists 18-billion Ordinary Shares On NGX Main Board

Nigerian Exchange Limited (NGX) has announced the listing by introduction of BUA Foods Plc on the Main Board of The Exchange on Wednesday, 5 January 2022.

A total of 18 billion ordinary shares of BUA Foods were listed at N40.00 per share under the Consumer Goods sector of NGX, with the trading symbol, BUAFOODS.

In a statement, NGX noted that the listing of BUA Foods’ shares has added N720 billion to its market capitalization further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation.

“It is expected that this listing will also increase the visibility of the food manufacturing, processing, and distribution company, BUA Foods, to investors on the African continent and across the globe. As a multi-asset Exchange, NGX is strategically positioned to be the preferred listing and investment destination connecting Nigeria, Africa and the world.” The statement read.

Recall that NGX facilitated over N7 Trillion worth of capital raises across several asset classes for both public and private corporations in 2021.

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