TV3 ready to float shares
One of Ghana’s private TV stations, TV3 is set to make history as the first private broadcaster to go public when the station floats shares at the Ghana Stock Exchange.
The company has received approval to float its Initial Public Offer (IPO).
Information reaching ghanabusinessnews.com says that listing documents for the station have been approved by the two authorizing bodies, the Securities Exchange Commission (SEC) and the Ghana Stock Exchange (GSE).
It would be recalled that January 15, 2009, ghanabusinessnews.com carried a news item of the intentions of the private TV station to go public.
TV3 intends to float an initial public issue of 48 million shares and offer for sale 22.09 million shares by GAMA Media at a price of GH¢0.10 per share.
Malaysian firm, Media Primer after the sales would hold 51% of TV3’s capital of 172.33 million shares.
The initial share offer is expected to raise GH¢4.8 of which GH¢3.8 million would be for capital expenditure, while the rest would be for working capital.
By Emmanuel K. Dogbevi
the tv3 programmes lineup on this coming friday
where do i go to if i want to buy your shares and when is it intended to start selling
Where do i get to buy your shares and when do you intend to start selling
It is an excellent idea that the company is ready to float shares to the general public. Well, I am interested in buying some of the shares and I want you to send me of information as how and where to buy the shares.
Thank you.
It is an excellent idea that the company is ready to float shares to the general public. Well, I am interested in buying some of the shares and I want you to send me an information as to how and where to buy the shares.
Thank you.