Oragroup on Friday announced the company will get listed on the Bourse Régionale des Valeurs Mobilières (BRVM) on Tuesday, April 16. The listing announcement follows approval received from the Conseil Régional de l’Épargne Publique et des Marchés Financiers (CREPMF) and the Bourse Régionale des Valeurs Mobilières (BRVM). Headquartered in Togo, Oragroup, is present in 12 countries in West and Central Africa.
Oragroup called out the underwriters informing them that the purchase and management of Oragroup shares placed on the market requires the opening of a securities account with a Management and Intermediation Company (Société de gestion et d’intermédiation – SGI) approved by the CREPMF, the WAMU Financial Markets Authority.
The listing, which covers 20 percent of the lender’s capital (floating) will take place a few months after its IPO was rolled out between October and November 2018. The IPO, it should be recalled was fully subscribed and helped raise more than XOF56 billion; it actually is the largest IPO ever recorded on the BRVM. Out of the remaining 80% of the capital, more than 50% are held by pan-African investor Emerging Capital Partners (ECP), which will remain the reference shareholder.
Notably, subscribers who participated in the public offer (OPV), from October 29 to November 22, 2018, through the Orabank network counters, and who do not yet have a securities account, are required to contact BICI BOURSE by phone at +225 20 20 16 68 or email at [email protected] for the transmission of the different account opening documents.
All the documentation to be completed for the opening of the securities account at BICI BOURSE is available on the website www.orabank.net.
The public offer of sale, subscribed at 100%, 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 CFAF 4,100. action, ie a raise on the regional financial market of 56.92 billion Fcfa (86 million euros).
