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Nigerian Exchange Limited (NGX) announced the listing of 91,000,000 common shares of Ronchess Global Resources Plc on the Growth Board of the stock exchange.
Nigerian Exchange Limited (NGX) Managing Director Temi Popoola made this known during the closing gong ceremony to commemorate the successful listing held last Friday.
According to information posted on the NGX website, NGX newcomer Ronchess is one of the leading providers of traffic, construction and procurement services solutions in Nigeria with a large customer base spanning businesses. and MDAs. The NGX rating signals the importance of the Growth Board and reinforces NGX’s commitment to helping issuers achieve their strategic goals.
NGX Chairman and CEO, represented by NGX Listing Business Division Head Olumide Bolumole, said at the listing success ceremony that the NGX All Share (ASI) Index has continued to resist. facing the main economic macro-shocks, including; increased insecurity, currency volatility, among others.
According to the information available on the NGX website, the representative of the CEO also noted that despite the challenges, the NGX continued to play its role of aggregator of capital connecting investors with opportunities in all sectors, including included in infrastructure through companies such as Ronchess.
“During the year, our support for capital raising continued, with NGX facilitating the financing of more than 5,000 billion naira of capital raised by governments and companies ”, Mr Bolumole added.
In his remarks, Ronchess Global Resources Plc Managing Director, Mr. Jackson Ukuevo, expresses his deep gratitude to the board and management of Nigerian Exchange Limited and the Securities and Exchange Commission (SEC) for the regulatory approval given to Ronchess to register on NGX.
NGX’s Growth Board is designed to encourage growth-oriented companies to take advantage of the capital market to raise long-term capital, drive growth and promote liquidity. The board targets fast-growing companies such as Ronchess, which have demonstrated their willingness to strengthen their attractiveness on the global market and put them in touch with a large pool of local and international investors.
The exchange also expressed optimism that the listing will boost the activities of the Growth Board, although it continues to encourage companies to list their securities in the market and investors to deploy capital in its various financial products.