Press Release/Dec 22, 2014
The Nigerian Stock Exchange organised a road show across the South West region of Nigeria for its Alternative Securities Market (ASeM); a specialised board for the listing of emerging companies operating in Nigeria. The board on the NSE was developed to accommodate small to mid-sized companies, with high growth potential, seeking to access the capital market by raising long term capital. The road show was held in 2 major cities: Agbara and Abeokuta, Ogun State on 11th and 12th December, 2014.
The theme for the road show was “Accessing Long Term Capital for Growth; The ASEM Platform” The benefits of listing were discussed and participants were exposed to the opportunities available in the capital market. The need for small to mid-sized companies to formalise their businesses to becoming sustainable institutions was also demonstrated, seeking businesses that are ready to take the required next steps towards accessing the capital market.
There are 3 major pillars supporting ASeM: Designated Advisers (Accredited capital market operators to prepare SMEs for listing and provide continuous financial advisory support throughout the listing life of the company); Institutional Services (A value adds of The NSE to help SMEs formalise their businesses, ahead of listing); and Growth Ambassadors (Influential individuals to project the board to relevant stakeholders).
The Head, Listings Sales and Retention, NSE, Mrs. Taba Peterside who clearly defined the brand identity and value proposition of the board, noted that the introduction of designated advisers will assist ASeM companies meet post-listing obligations and support them as financial advisers.
Mrs Peterside further explained that the Exchange has provided ASeM as a platform for sustainable growth and development of these companies. “Since the launch of ASeM, the NSE has proven that this is a major focus area. SMEs remain the drivers of growth in the Nigerian economy and the NSE is a staunch believer in the critical role of emerging enterprises in a developing economy”.
“Recently in 2014 we witnessed a successful listing of Omoluabi Savings & Loans Plc, on ASeM on the Daily Official List of The NSE. There is a strong pipeline of companies that have commenced the process of listing, with more IPOs and listings expected on the board” she said.
The recently held symposiums were organised in collaboration with Nextzon Business Services (NSE Accredited Institutional Service Value Add Provider) and Designated Advisers.
Joseph Kadiri
Media Relations Officer
The Nigerian Stock Exchange
2-4 Customs Street | Lagos| Nigeria
Mobile: +234 (0) 8054081390
Email: jkadiri@nse.com.ng
Nwando Ajene
Head | Corporate Communication
The Nigerian Stock Exchange
2-4 Customs Street | Lagos| Nigeria
Mobile: +234 (0) 813 783 8345
Email: najene@nse.com.ng
