MED-VIEW AIRLINES TO LIST N15BN SHARES ON STOCK EXCHANGE
Having given approval to Nigeria’s fastest growing airline, Med-View Airlines Plc, the council of the Nigerian Stock Exchange (NSE) will on Tuesday list its entire issued share capital on the Exchange, in a move that will see the return of the airlines industry to the stock market after the delisting of the previous carriers. The Quotation Committee, which oversees listing at the Exchange, had last year approved the listing of Med-View Airlines. Med-View Airlines will be listing 9.75 billion ordinary shares of 50 kobo each at N1.50 per share, indicating a start-off market capitalisation of N14.63 billion. Trust Yields Securities Limited and Kedari Capital Limited, two investment firms are the financial advisers/issuing house and stockbrokers to Med-View Airlines in respect of the Listing exercise. The listing will be done by way of introduction, implying that Med-View Airlines will be available initially through the secondary market, though the airline was said to be interested in floating its initial public offering (IPO) as the market condition improves.