Demutualisation: Members Approve Listing of NSE’s Shares

By


 Tunde Afolabi


Members of the Nigerian Stock Exchange (NSE) yesterday approved the listing of the Nigerian Exchange Group Plc (NGXG) on the exchange once the demutualisation process is completed. The approval was given at the 59th annual general meeting (AGM) and under the resolution passed subject to the receipt of requisite approvals of relevant regulatory authorities, following the conversion and re-registration of NGXG, the group is authorized to undertake a listing by introduction of its shares on stock exchange. Consequently, the NSE will no longer be wholly owned by its dealing and non-dealing members.

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