Gas Group Plc, has announced plans to pursue a listing on the Main Board of Nigerian Exchange Limited (NGX) aimed at strengthening its corporate governance, enhance its visibility within Nigeria’s capital market and establish a platform for financing its next phase of growth.
This was announced weekend by Mr. Gliffeth Wonuigwe, the Group’s Chief Executive Officer, while speaking to journalists on the company’s ongoing expansion drive. He said the proposed move is expected to provide an organised market for the company’s shares, improve price discovery and broaden the opportunity for eligible investors to participate in its long-term growth.
Gas Group’s existing ordinary shares would, going forward, be admitted to trading on the NGX without the company undertaking an immediate public offer or issuing new shares to investors at the point of listing.
The Group has historically operated within Nigeria’s oil and gas services industry and now repositioning as an integrated refining, gas and energy-infrastructure business, with particular emphasis on refining, liquefied natural gas, gas processing, transportation, storage, power generation and energy solutions for industrial customers and AI-powered data centres.
Its strategy is based on Nigeria’s substantial natural-gas resources and the growing demand for reliable, cleaner and more cost-efficient power across manufacturing, logistics, telecommunications and digital infrastructure.
The Group intends to develop an integrated energy value chain capable of refining, moving gas from production and processing points to industrial and commercial users, and supplying power and gas feedstock to industries. This could include refined products, LNG and compressed natural gas facilities, gas transportation systems, storage and regasification infrastructure,…
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