Safeguarding investors’ capital remains biggest post-listing challenge- AVA Capital

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By Peter Egwuatu

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THE Managing Director and Chief Executive Officer, AVA Capital Plc, Mr. Kayode Fadahunsi has revealed that safeguarding investors’ capital remains the biggest post listing challenge.

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He added that preserving investor trust would be the company’s foremost priority, adding that the group seeks to strengthen governance, transparency and accountability while pursuing long-term growth as a public company.

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It will be recalled that AVA Capital was recently admitted to the Main Board of NGX following the listing by introduction of its five billion ordinary shares at N7.50 per share, with a market capitalisation of N37.5 billion.

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Speaking during an executive media roundtable in Lagos, Fadahunsi said: ”Our company is poised to maintain openness in its activities, and the investment banking group now accounts to a broader community of shareholders, among other capital market stakeholders.

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He further revealed that its Board of Directors will come up with a sustainable dividend policy as part of corporate governance principles that will add value to the stakeholders.

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“We are now accountable to a broader community of shareholders, regulators, clients, employees and the investing public. With that comes a deeper commitment to transparency, good governance and open engagement” he added.

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According to him: “Preserving investor trust would be its foremost priority, maintaining that the group seeks to strengthen governance, transparency and accountability while pursuing long-term growth as a public company.” Fadahunsi noted that investors’ confidence is fundamental to its business model, saying: “Although we continue to monitor risks such as inflation, exchange rate volatility and interest rates, safeguarding investors’ capital remains our biggest post-listing challenge.”

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