The Nigerian Stock Exchange (NSE) has given approval to Med-View Airline to list its entire issued share capital on the Exchange, according to a report by The Nation.
Med-View Airline 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, were said to be working with the board of Med-View Airline to facilitate the listing.
The listing which is expected to be in the first quarter of 2017, will be done by way of introduction, implying that Med-View Airline will be available initially through the secondary market.
Med-View Airline is a Nigerian airline founded in 2007 as a charter airline, mainly operating Haji flights. In November 2012, it diversified its operations to include scheduled passenger services.
The airline operates scheduled services to domestic and international destinations in Africa, Europe and the Middle East.