Breaking News
Translate

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.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.