Audio By Carbonatix
Sporting Club Accra Hearts of Oak plans listing on the Ghana Stock Exchange by July next year.
The club last year raised 2.5 million Ghana cedis out of the targeted 10 million Ghana cedis through a Public Offer.
Shares of the club are currently trading over the counter. Managing Brokers for the club, Strategic African Securities expect active trading to begin immediately after the listing.
Managing Director of Strategic African Securities Apiigy Afenu tells JOYBUSINESS there are also plans for a right issue to attract more investors.
“Surprisingly people rather want to buy but there is nobody selling. So we are looking at doing a a rights issue sometime next year to admit more people” he noted.
Investment Banker, Togbe Afede currently chairs the 12 member board of Accra Hearts of Oak.
Mr. Apiigy also predicts some exciting times ahead for the club.
“ People have different interests for investing in a football club and people the shareholders have seen what we have brought to the table in terms of corporate governance, financial plans, player welfare and recruitment among others. And I think this what is motivating them to want to come to buy into the club” he added.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
GoldBod dismisses claims of rift with BoG over Asiama’s board exit
25 seconds -
Ghana, Algeria explore stronger scholarship and academic exchange opportunities
3 minutes -
Law enforcement officers trained to tackle emerging human trafficking threats
9 minutes -
Ministries, assemblies cannot claim blanket exemption from vehicle tint laws – ACP Alexander
16 minutes -
Is Ghana safely becoming a narcotic transit coast?
19 minutes -
Tinted vehicles could facilitate crime and endanger road users — ACP Alexander
29 minutes -
BoG Governor appoints Second Deputy Governor Matilda Asante-Asiedu as rep on GoldBod board
39 minutes -
The fight against terrorism requires regional and international cooperation – Mahama
52 minutes -
Arrest Nana Boakye and probe into drug lab claims – NDC’s James Agbey
1 hour -
Refugees in South Africa face mounting tensions as September 30 deadline loomsÂ
1 hour -
At least 12 dead, dozens missing after vessel capsizes in DR Congo Â
1 hour -
Two dead, 14 rescued after accident on Kpetoe-Sarakope road
2 hours -
AFCON 2027Q: Moroccan referee Mustapha Kechchaf to officiate Ghana-Gambia match
2 hours -
Our mental health is restored – How Medical Trust Fund is giving doctors hope again
2 hours -
2027 budget to provide for grain silos – Agric Minister
2 hours