Haldane McCall Plc Lists On NGX, Offering 3.12bn Shares

Haldane McCall Plc has officially listed on the Main Board of the Nigerian Exchange Limited (NGX), offering 3.12 billion ordinary shares of 50 kobo each at N3.84 per share.

According to announcement on the officail website of the NGX, the listing, with a market capitalisation exceeding N11.99 billion, marks a significant step for the company in its journey to contribute to addressing Nigeria’s housing deficit.

It stated that the listing, conducted by way of introduction, highlights Haldane McCall’s commitment to transparency, corporate governance, and sustainable value creation. It positions the company to leverage the opportunities presented by Nigeria’s capital market to drive expansion and long-term growth.

Speaking at the Closing Gong ceremony and presentation of its Facts Behind the Listings, the Chairman of Haldane McCall, Chief George Oguntade, described the listing as a “game changer” for Nigeria’s housing sector, emphasising the company’s dedication to bridging the country’s housing deficit.

Group Managing Director, Mr. Edward Akinlade, highlighted the listing as a significant milestone in the company’s growth and innovation strategy. He noted that it enhances Haldane McCall’s visibility in the capital market and equips the company with the resources needed to expand operations, contributing to solving Nigeria’s housing challenges. “We are committed to delivering value to our shareholders while driving sustainable development in real estate and hospitality,” Mr. Akinlade said.

The Group Chairman of Nigerian Exchange Group Plc, Alhaji Dr. Umaru Kwairanga, commended Haldane McCall for its commitment to transparency and innovation. He emphasised the company’s crucial role in addressing Nigeria’s housing deficit and reiterated NGX’s dedication to providing a platform for companies to achieve growth ambitions while fostering economic development in Nigeria.

Chief Executive Officer of NGX, Mr. Jude Chiemeka, commended the listing as a significant achievement not only for Haldane McCall but for Nigeria’s real estate sector. He explained that the listing enhances the company’s visibility, credibility, and access to capital, which will support its efforts in addressing the nation’s housing deficit.

Haldane McCall’s listing on the NGX Main Board is expected to contribute to job creation and help alleviate Nigeria’s 20 million-unit housing deficit. With this move, the company positions itself for long-term growth, its listing also stands as a testament to Nigeria’s growing capital market, providing opportunities for businesses in various sectors to thrive.