The shares of MTN Nigeria,
As part of the capital market ecosystem that facilitates capital formation, the NSE provides the platform for companies to list their shares and enjoy many benefits aside raising long-term capital.
Over the years, companies have enjoy these benefits and remained listed. Also, despite the benefits, some listed companies have opted out of the exchange citing various reasons.
By and large, the benefits of getting listed on the NSE are more than the demerits.
For instance, listed companies have access to growth-enabling capital as they can raise capital to finance strategic business objectives, both at the time of admission as well as through subsequent capital events, providing the stability required to achieve growth aspirations.
Also, listed companies enjoy a wider range of financing options and access to a diverse global investor base and large pool of public funds to finance growth. These companies are also able to use their quoted shares as currency to support acquisition and growth objectives.
Another positive for listed entities is that they benefit from a higher profile and visibility engendered by increased coverage from research analysts, investment banks, the media and investors, as well as potential inclusion in market indexes.
Being listed enhances the company's status and credibility with business partners, customers and employees owing to the rigorous disclosure and governance standards required.
In the same vein, listed companies enjoy enhanced share liquidity and valuation because a public quotation provides an avenue for placing an objective market value on the business, as well as creating a liquid market for trading the company's shares to unlock value.
In spite of the above benefits, which are among many others, some companies still feel reluctant to list their shares, while some that have listed exit. However, given the bull run that has lifted the market by 44.5 per cent, there are three companies that must now be celebrating their decision to list their shares on the exchange, given the value they have received so far.
These companies are
For example, a total of 20.4 billion shares of MTN were listed at N90 per share, which a capitalisation of N1.836 trillion. The shares have appreciated to N160 per share, lifting its market capitalisation to N3.257 trillion as of trading last Thursday before the Christmas break.
To date, investors who bought the shares of MTN at N90 per share, have gained a capital appreciation of 77 per cent. During the listing of the shares, the Chief Executive Officer (CEO) of the NSE, Mr.
He said: "We are delighted to welcome MTN Nigeria to the exchange. The listing is a promising development in the country's telecommunications sector and we encourage other players in the sector to explore the different opportunities in the capital markets for raising long term capital. As a listing platform of choice, today's listing will add to our bouquet of diverse investment offerings to the public.
Having MTN Nigeria listed in our market is a testament of the exchange's commitment to building a dynamic and inclusive market and creating channels for sustainable investment."
In his comments, the Chief Executive Officer, MTN Nigeria,
"We have established a sustainable platform for growth, from which we are able to meet the growing and dynamic needs of our customers, our communities and our country. This platform has been built through a sustained focus on customer-centric delivery, striving to ensure that every subscriber gets as much value for their money as possible. We are grateful to customers for their loyalty, and to our people, our partners and our regulators for the opportunity to continue to contribute to
On its part,
Onyema had hailed the decision of Airtel Africa to list last year, saying it reaffirmed the company's long-term commitment to expanding opportunities and providing everyday services to Africans and Nigerians in particular.
"This listing serves to deepen the telecoms and technology sector for investors and provides an opportunity for a wider group of Nigerians to be part of the African telecoms growth story. The listing is a promising development in
The Chief Executive Officer of Airtel Africa,
"This is an exciting time for Airtel Africa in the 14 countries it operates in and an important milestone in our development as a leading provider of telecommunications and mobile money services in
Also speaking, the Chief Executive Officer and Managing Director of Airtel Nigeria,
For
A total of 33.863 billion shares of the company were listed in
Speaking at the listing of
The Managing Director of
"Over the past few years, we have significantly ramped up capacity and currently boast the most efficient and integrated operations in the Nigerian Cement Industry. This new publicly listed company will continue to deliver exceptional value to all stakeholders in the foreseeable future."
Binji said the merger of the two companies provided a compelling opportunity to capture significant synergies and create value for the benefit of the shareholders of both companies in the form of stronger competitive position of the enlarged company, economies of scale, enhanced operations and administrative efficiencies that will accrue.
Rabiu had said the decision to merge was primarily motivated by the to ensure that the company was well positioned to grow and expand in the Nigerian cement industry.
"The merger with
Rabiu explained that the merger will increase the production capacity of the enlarged company to 8.0 million mtpa.
"It is anticipated that in addition to meeting the demand from customers in our core regions in the country, the enlarged company would be positioned to distribute its products in new geographical markets, creating the potential for additional shareholder value creation," he said.
The chairman noted that the merger would provide opportunities for significant cost savings and improved operational efficiencies by streamlining operations and optimising the use of combined resources.
On economies of scale, Rabiu said: "The merger will provide a platform where the enlarged company benefits from economies of scale in procurement, distribution and manufacturing of the products offered to our customers. We expect the benefits accruing from greater economies of scale to accrue to many stakeholders."
According to him, CCNN shareholders will become shareholders of a larger and highly profitable entity, stressing that synergies created as a result of the merger would create additional value for shareholders.
"Besides, the enlarged company will create a platform for further investment that will have a positive impact on the communities where the operations of the companies are present as well as for the economy as a whole," the foremost industrialist declared.
He said this consolidation would mark the culmination of the first phase of the BUA mid-term strategic plan for its cement businesses, which currently include four cement plants spread across
"We intend to continue creating value for the benefit of shareholders of the consolidated company by maintaining their focus on outperforming the Nigerian cement industry across key indices through a laser-like commitment to excellent products and service delivery, operational efficiency as well as maintaining leadership position in their home markets," Rabiu said.
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