Briclinks Africa Plc, a fast-rising telecommunications operator and Internet Service Provider (ISP), listed its shares on the Nigerian Stock Exchange (NSE) Growth Board by way of introduction of 10 million (10,000,000) ordinary shares of N1.00 each at N6.26 per share on Friday, February 5, 2021.
The NSE Growth Board was unveiled in January 2020 with the aim to encourage companies with high growth potentials to seize the opportunity of raising long-term capital and to promote liquidity in the trading of their shares. It allows for greater accessibility to capital flows, global visibility and credibility through corporate disclosures.
“This is a testimony to the fact that dreams do really come true. We have through this process emerged as a better entity, well-tuned to corporate best practices and culture,” Mohammed Buhari, chief executive officer, Briclinks Africa Plc, said at the virtual event.
The CEO stressed that listing on the Stock Exchange would avail Briclinks Africa Plc the opportunity to build not just a company but an institution forged in the furnace of integrity and excellence.
“As we set our sail to become a force on a regional scale, being on the Exchange is a testimony of strength, sustainability and worthy service,” he noted.
Also speaking at the ceremony, Oscar N. Onyema, CEO of the Nigerian Stock Exchange, expressed delight on the coming of Briclinks Africa Plc to The Exchange.
“This event is a milestone in our desire to Accommodate Small and Medium-size Enterprises (SMEs) as it is a critical step in the NSE’s effort towards equal representation on our platform,” Onyema said.
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“Till date, the NSE all share index has continued to appreciate with a performance of 3.76 percent following the 50.03 percent return in 2020. The expected improvement in economic activities coupled with the resilience of the NSE supports the narrative for corporates and governments making forays into the public market,” he said.
Rasheed Yussuf, the doyen of stockbrokers, congratulated and welcomed Briclinks Africa Plc with the promise to support the management while making the listing a successful one.
Briclinks Africa Plc commenced business as a telecommunications company in 2018 after it was issued an ISP licence by the Nigerian Communications Commission (NCC). The company’s core values are integrity, service, quality, sustainability and speed.
