uniSecurities Ltd, the Lead Manager’s of the SAMBA Foods Ltd Initial Public Offer (IPO) announces that the listing and the first day of trading of the shares of SAMBA on the Ghana Alternative Market (GAX) has been postponed to Tuesday, 12th May, 2015.
The ceremony will be held on the trading floor of the Exchange from 9:30am.
SAMBA Foods Limited (SAMBA Foods) a company authorized under its Regulations to undertake the following: (a) Food Processing;(b) Production of spices;(c) Import and Export Services; and (d) Export of Processed Foods is offering 3,475,453.20 ordinary shares of no par value at GHS 0.72 per share to the general public in Ghana and to investors whose laws permit them to invest under the terms of the Share Offer to raise an amount of GHS 2,500,000.00. The shares on Offer represent approximately 58.16% of post flotation issued shares. All shares will be listed on the Ghana Alternative Market (GAX) of the Ghana Stock Exchange (GSE).
SAMBA Foods has released the attached announcement for the information of the general investing public.
There is hereby established the Ghana Fixed Income Market (GFIM). It will within the initial years of its existence, operate under a governing committee of stakeholders and subsequent to that period, a separate limited liability company will be incorporated.
The GFIM’s objective is to provide a fair, orderly, transparent and efficient market for fixed income and other similar securities or instruments.
The principal functions of the GFIM are approving the listing of fixed income and such similar securities or instruments and to provide a market for the secondary trading of such securities.
Meridian-Marshalls Holding Company Limited (MMH) was incorporated under the Companies Code, 1963 (Act 179) as a limited liability company on February 26, 2013 in Accra, Ghana. The company took over the entire shareholding of Meridian PreUniversity and Marshalls College. MMH provides career-oriented post-secondary education through its subsidiaries, Meridian Pre-University (MPU) and Marshalls College (Marshalls). MMH seeks to raise GH¢2,500,000 through the issuance of twenty-ﬁve (25) million new ordinary shares at GH¢0.10 per share and subsequently list on the Ghana Stock Exchange’s (GSE) Ghana Alternate Market (GAX).
The Ghana Alternative Market (GAX) is a parallel market operated by the Ghana Stock Exchange. It focusses on businesses with potential for growth. The GAX accommodates’ companies at various stages of their development, including start-ups and existing enterprises, both small and medium.