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
-
Beyond the Party T-Shirt
18 minutes -
IGP promotes five police officers over Kwafokrom GOIL robbery arrest
24 minutes -
Tragedy at Senchi: Two crushed to death as tipper truck somersaults near market
40 minutes -
Government to unveil “The New Economy” Programme in 2027 Budget
51 minutes -
GIZ, Zoomlion and Blue Skies launch InnoWaste Project to create jobs and tackle plastic waste in Ghana
1 hour -
‘The emotional journey is difficult, but you don’t stop’ – Antoine Semenyo’s mother on diaspora struggle
1 hour -
‘Football in Ghana is about blood and legacy’ – Antoine Semenyo’s mother urges diaspora parents
1 hour -
QNET, Manchester City bring world-class football coaching to Ghana’s young talent
1 hour -
Emma Ankrah: Between quiet questions and the will to continue
1 hour -
Ghana’s economy shows strong recovery after “inherited crisis” – Ato Forson tells Parliament
1 hour -
No further IMF financial bailout will be required in the foreseeable future – Finance Minister
1 hour -
Learning from Ukraine, Hezbollah is now using fibre-optic drones to hit Israel
2 hours -
Teenager arrested at Senya Beraku for alleged defilement of 15-year-old girl
2 hours -
Ghana has moved from IMF ‘supplicant’ to partner – Ato Forson declares as economy surges past $100 Billion
2 hours -
“Ghana has moved from ICU to wellness center” — Finance Minister declares economic recovery
2 hours