THE INITIATES PLC GOT LISTED ON THE FLOOR OF THE NIGERIAN STOCK EXCHANGE
A total of 889.98 million ordinary shares of 50 kobo each of the Initiates Plc have listed at N0.85 per share by introduction on the Alternative Securities Market (AseM), sector, a window for listing of small and medium enterprises (SMEs), on the Nigerian Stock Exchange (NSE).
The Initiates Plc is the first waste management company to be listed on The Exchange. The company offers contracting and consultancy services in waste Management, industrial cleaning and decontamination to Private and Public sectors including the Oil & Gas Industry.
Managing Director/CEO, The Initiates Plc, Mr. Reuben Ossai, in his speech at the ceremony said the listing was part of the management’s strategic plan to promote inclusive growth, transparency and price discovery.
He noted that 21st Century Nigeria is expected to witness technological growth, increased urbanization, private sector controlled economy and environmental awareness.
“These changes will be accompanied with increased waste yield and complexity, more public demand for environmental protection and waste management services,” he said, adding that these changes stress the need for the revision and implementation of environmental laws and policies that will improve the commercial value of waste management services.
WHO WE ARE
The Initiates Plc. (TIP) is a professional Waste Management company Located in Port Harcourt Nigeria, delivering Waste Management, Industrial Cleaning and Decontamination services to both Private and Public sectors. TIP is quoted on the Floor of the Nigerian Stock Exchange.
TIP has a multi-disciplinary and flexible workforce and all relevant permits necessary for delivering waste management and industrial cleaning services.
Download: The Initiate Plc Profile