Mega African Capital Limited (“MAC”) announced that it has allotted 1,333,334 ordinary shares of GHS 3.00 each in the capital of MAC (“Shares”), which rank pari passu with the existing 7,308,135 ordinary shares in issue, pursuant to the offer for subscription of up to 1,333,334 (the “Offer”) in connection with MAC’s listing on the Ghana Stock Exchange (“GSE”). This is the first ever listing of a Company which invests in equities across Africa and the real estate sector in Ghana. IC Securities (Ghana) Limited was engaged by MAC as Financial Advisor and Sponsoring Broker on this landmark Transaction
The Offer was opened between 10 March and 28 March 2014 with 1,333,334 shares offered at GHS 3.00 per share. During this period, 30 valid applications were received for 1,333,334 Shares representing a total amount of GHS 4,000,002. The listing and the first day of trading of Shares on the GSE was on 23 April 2014.
Comment by Mr. Kwesi Amonoo-Neizer, Managing Director,:
“I am delighted by the success of our offer; this is the first Company that
