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Togo: First listing on the BRVM on April 16

05/04/2019
Source : Togonews (Lomé)
Categories: Index/Markets

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Oragroup's initial listing ceremony will take place on April 16 in Lomé.

The public sale offer, 100% subscribed, included the issue of 6,097,561 new shares, by capital increase, and the sale of 7,785,445 existing shares on the secondary market, at a price of 4,100 CFA francs per share. action, i.e. a raising on the regional financial market of 56.92 billion CFA francs (86 million euros).

The listing of the shares from April 16, 2019 is the largest introduction to the BRVM* since its creation in 1998: 20% of Oragroup's capital is listed on the stock exchange (floating capital), the other current shareholders of the Group retain 80% of capital, including the pan-African investor Emerging Capital Partners (ECP), which remains the reference shareholder with more than 50% of the shares.

Oragroup, headquartered in Togo, is present in 12 countries in West and Central Africa.

* Regional stock exchange common to the 8 WAEMU countries

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