Vetiva Advisory Providers Restricted, a subsidiary of Vetiva Capital Administration Restricted, participated as a Monetary Adviser within the itemizing of Transcorp Energy Plc on the Nigerian Trade Restricted principle board (NGX).
Transcorp Energy listed its 7.5 billion abnormal shares on the NGX at a share value of N240 per share and a market capitalisation of N1.8 trillion, making the Firm a top-10 inventory on the NGX by market capitalisation.
Commenting on the transaction, Chuka Eseka, GMD/CEO, Vetiva Capital Administration Restricted, mentioned, “Now we have witnessed the itemizing of an N1.8trillion firm on the NGX – an occasion that doesn’t occur fairly often.
“The itemization of Transcorp Energy’s shares by introduction on the NGX represents a major milestone for Nigeria’s Energy sector and capital markets.
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He also noted that “Vetiva Advisory Providers Restricted (a subsidiary of Vetiva Capital Administration Restricted) is deeply honoured to have acted as Joint Monetary Adviser on this landmark Transaction, which coincidentally occurs to be the first itemizing on the NGX this year.”
Commenting on the itemizing as nicely, Olutade Olaegbe, Managing Director, Vetiva Advisory Providers Restricted, mentioned, “We’re extraordinarily delighted to have performed an essential function in working with the Firm to attain this important feat.
“The Transcorp Energy story is nothing wanting outstanding, and it gives a stable platform for members of the investing public to achieve publicity to the Energy sector – which is a crucial ingredient for financial development.
“We join with the opposite transaction advisers to congratulate the Board and Administration of Transcorp Energy and Transcorp Plc on this momentous deal and look forward to working with the Firm on future initiatives,” Olaegbe mentioned.
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