ZEN Petroleum Holdings PLC has officially started trading on the Ghana Stock Exchange.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

ZEN Petroleum Holdings PLC has officially began trading on the Ghana Stock Exchange (GSE), marking a major milestone in Ghana’s capital market and the company’s growth trajectory.

The indigenous downstream petroleum firm listed 640 million ordinary shares on the Exchange, following what is being described as one of the most significant capital raises in recent years.

The listing comes after a successful book-building exercise that raised GH¢640 million, with 128 million shares offered at GH¢5.00 each representing 20 percent of the company’s enlarged share capital.

Speaking at the listing event, Managing Director of ZEN Petroleum Holdings PLC, William Tewiah, described the move as a defining moment in the company’s journey.

The company’s share price closed the trading day at GH¢5.05 after 2,000 shares were traded.

Source: newsthemegh.com