A Listing by Introduction means that all the issued and fully paid-up shares of BUA Foods will be listed on the Main Board of NGX Exchange without any additional shares being issued. From this point, all BUA Foods shareholders will be able to trade their shares on the NGX Exchange and members of the public can purchase shares in BUA Foods.
Information about the Listing by Introduction can be found on the investor relations section of the BUA Foods website https://buafoods.alphanetstaging.co.uk/investor-relations/
A share represents part ownership in a company. A shareholder of a public company may enjoy dividends from the company’s profits, participates in its share price performance, and has the right to vote at its shareholder meetings.
As a shareholder, you are one of the owners of the company and the number of shares you hold, in proportion to the total number of the Company’s issued shares, is a measure of how much of the company you own.
Shareholders can vote on major decisions of the company such as those taken at Annual General Meetings.
You can buy or sell shares through a stockbroker service. The rates of commission charged are determined by the regulatory body, SEC.
It takes three days for shares traded on the floor of NGX Exchange to be settled. If you have bought or sold shares through a stockbroker, this triggers a process at CSCS, to ensure a successful delivery of your shares. On the third day after the trade was done [T+3], CSCS will send instructions to the Registrar to amend their records. This is the date on which shares, and money is exchanged in the market and is known as the ‘settlement date’. If there is still no change to your CSCS account after this day, please contact your Stockbroker for further assistance.
Only existing shares are being listed and made available for trading. No new shares are being issued neither is BUA Foods raising new capital.
No marketing arrangement is envisaged at this phase.
Yes. The relevant regulatory approvals were obtained prior to listing including the approval of the Nigerian Exchange Limited (NGX Exchange) and the Securities and Exchange Commission.
No, the Company is not raising new capital. The shares were only listed on the NGX Exchange.
BUA Foods intends to provide an opportunity for broader participation in its shares by the investing public. The Board of BUA Foods will consider a share offer when market conditions are conducive.
The listing price was ₦40 per share.
You can find out the share price on the Company’s website at www.BUAfoodsplc.com or on the floor of the Nigerian Exchange Limited.
Payment of dividend is dependent on several key factors, including our future strategic plans and capital expenditure initiatives. The Company will share a dividend policy when available.
Please visit investor-relations for more information on the investment proposition of BUA Foods and listing materials.
Once the shares are listed on the NGX Exchange, existing shareholders can trade their shares and prospective investors can buy.
The Company’s symbol ticker is BUAFOODS.
Africa Prudential Plc is licensed and monitored by the Securities and Exchange Commission (SEC). If you have any enquiries regarding your BUA Foods share records or future corporate actions, please send an email to [email protected], and the Registrar will address your concerns accordingly.
