NGX urges Chams to extend market engagement, welcomes new GMD

Nigerian Exchange Limited has encouraged the board and management of Chams Holdings Plc to extend its market engagement as its new Group Managing Director, Mrs. Mayowa Olaniyan takes over.

At the Closing Gong ceremony of Chams Holdings Plc held at the Exchange, the Divisional Head, Capital Markets, NGX, Mr Jude Chiemeka congratulated the company for the appointment of its first female GMD, Olaniyan saying it was a welcome development and emphasized the company’s commitment to inclusivity.

Speaking on the company’s restructuring into a holdco, Chiemeka said, “In this new era of the company’s existence, it will be great to further engage the market. One of the ways we at the Exchange encourage listed companies is to take advantage of the Facts Behind the Figures Platform which was set up by NGX to help listed companies inform the capital market community of their performance, strategy which helps investors and other stakeholders understand the firm”.

The new GMD, Chams Holdings, Olaniyan appreciated NGX management for hosting the company at the Exchange. She noted that the company’s board was committed to maximising shareholder value amidst its restructuring and repositioning in the technology space. “We are investing in expanding our footprint especially in the Fintech space. We have received approval from the Central Bank for mobile money license. One of our goals now is to align the price in the market to the value of the company and on that note, we will work more with the broker community and take advantage of the Facts Behind the Figures Presentation platform of NGX.”