Godsmart Nigeria becomes majority shareholder in NAHCO

Last updated: January 8, 2019 3:32 pm

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The Nigerian Stock Exchange (NSE) has been notified that Godsmart Nigeria limited now holds 26.95percent of the issued and paid up share capital of the Nigerian Aviation Handling Company Plc (NAHCO).

This development follows a transfer of 97,453,125 ordinary shares of NAHCO Plc (representing a 6 percent shareholding) from Lufthansa Commercial Holding Gmbh to Godsmart Nigeria Limited.

This now makes Godsmart Nigeria a major shareholder in NAHCO Plc.

NAHCO shares are currently priced at N3.50. The stock has lost 4.1percent of its value this year. With shares outstanding of 1,624,218,750 units, NAHCO market capitalization is in excess of N5.684billion.

TAGGED:NAHCO NSE

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ByIheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).