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NSE admits N756.48m shares of Initiates Plc on ASeM

By Nkiruka Nnorom

The Nigerian Stock Exchange, NSE, has admitted N756.48 million shares of The Initiates Plc, a waste management company serving various sectors of the Nigerian economy with significant strides in the Nigerian hazardous waste sub-sector, for trading on its Daily Official List.

A total of  889.98 million ordinary shares of 50 kobo each of the company were listed at N0.85 per share by introduction on the Alternative Securities Market, AseM, sector, a window for listing of small and medium enterprises, SMEs, on the NSE.

Addressing stockbrokers at the listing ceremony, the Managing Director/CEO, The Initiates Plc, Mr. Reuben Ossai , said the listing was part of the management’s strategic plan to promote inclusive growth, transparency and price discovery.


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