Friday, 15 May 2009

Afromedia IPO

Good to see IPO's resurface after so long.

Afromedia Plc, a pioneer and leading out-of-home media company is finally set to list on the Nigerian Stock Exchange. The company began as part of the UACN group in 1929. It is one of the most experienced out- of- home advertising agencies in Nigeria. The board has its Chairman as Onaolapo Soleye, former Minister of Finance.

The company would be listing 4,035,497,307 Ordinary Shares of 50 Kobo each at N2.92 per share on Monday May 18 2009.

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