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.

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