Halden McCall PLC, a prominent Real Estate and Hospitality Group, has received approval to list N11.98 billion in ordinary shares by introduction on the Nigerian Exchange Limited (NGX). This listing involves 3.122 billion ordinary shares, priced at N3.84 per share, which will increase NGX’s market capitalization by N11.98 billion. The listing event is set for November 20, 2024.
Following the listing, Halden McCall will participate in the “Facts Behind the Listing” presentation, where newly listed companies share their operational highlights and future strategies with securities dealers. This step signifies the company’s adherence to NGX’s listing standards, reinforcing its dedication to transparency, strong corporate governance, and investor trust. The listing was managed by Finmal Finance Services Limited and Chartwell Securities, serving as capital market consultant and stockbroker, respectively.
Dr. Edward Akinlade, Halden McCall’s Group Managing Director, expressed excitement over the achievement, noting that NGX listing will enhance shareholder liquidity and market access, supporting the company’s growth and expansion.
Renowned for its Suru Express Hotels and Suru Homes brands in West Africa, Halden McCall PLC is a key player in African emerging markets. In line with supporting the government’s housing initiatives, the company plans to establish 45 additional budget hotels under the Suru Express brand and develop 100 units of affordable housing.
