SAHCO Nigeria Plc Initial Public Offering (IPO) from Monday, 12th Nov to Wednesday, 19th Dec 2018

Please be informed that the subscription for the Initial Public Offering (IPO) of Skyway Aviation Handling Company of Nigeria ( SAHCO ) has commenced with an offer of 406,074,000 ordinary shares of 50 kobo each at N4.65 per share. The offer is opened from Monday, 12th November 2018 to Wednesday, 19th December 2018.

Below are the details of the Offer:

Offer 406,074,000 Ordinary Shares of 50 kobo each in Skyway Aviation
Handling Company PLC
Mode of Offer Offer for sale
Offer Price N4.65 per share
Payment Terms In full on application
Minimum Application Minimum of 500 ordinary shares and multiples of 100 ordinary shares thereafter
Offer Opening Date Monday, 12 November, 2018
Offer Closing Date Wednesday, 19 December, 2018
Market Capitalization at Offer Price N6,294,147,000.00
Eligibility Only Nigerian citizens are entitled to apply for and be allotted shares under this Offer in accordance with the provisions of the SSPA and Public Enterprises (Privatization and Commercialization) Act Cap. P38 LFN 2004.

Please click on the link to download the Prospectus and Application form.

Investors interested in the IPO are advised to send an email to brokerageteam@afrinvest.com

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