CHAPEL HILL ADVISES ARADEL HOLDINGS ON HISTORIC LISTING ON NIGERIAN EXCHANGE
Chapel Hill Denham is serving as the official adviser to Aradel Holdings Plc, an energy company, for its listing on the Nigerian Exchange (NGX). On October 14, 2024, Aradel is set to debut with 4.34 billion ordinary shares valued at ₦702.69 per share, making it the largest listing by introduction in NGX history.
This listing will position Aradel as a significant player in Nigeria's capital market and could lead to its inclusion in important indices like the NGX 30 and NGX Oil and Gas Index. The CEO of Aradel, Adegbite Falade, referred to this moment as a milestone for the company and a commitment to Nigeria’s economic growth through sustainable energy solutions.
Chapel Hill Denham's CEO, Bolaji Balogun, highlighted the significance of this transaction for Nigeria’s capital market, thanking regulatory bodies like the SEC and NGX for their roles in facilitating the process.
This listing strengthens Aradel’s position in the energy sector and boosts confidence in Nigeria's capital market.
Chapel Hill Denham is serving as the official adviser to Aradel Holdings Plc, an energy company, for its listing on the Nigerian Exchange (NGX). On October 14, 2024, Aradel is set to debut with 4.34 billion ordinary shares valued at ₦702.69 per share, making it the largest listing by introduction in NGX history.
This listing will position Aradel as a significant player in Nigeria's capital market and could lead to its inclusion in important indices like the NGX 30 and NGX Oil and Gas Index. The CEO of Aradel, Adegbite Falade, referred to this moment as a milestone for the company and a commitment to Nigeria’s economic growth through sustainable energy solutions.
Chapel Hill Denham's CEO, Bolaji Balogun, highlighted the significance of this transaction for Nigeria’s capital market, thanking regulatory bodies like the SEC and NGX for their roles in facilitating the process.
This listing strengthens Aradel’s position in the energy sector and boosts confidence in Nigeria's capital market.