5 April 2019
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35Nord (Paris)

Information to underwriters - The first listing of Oragroup shares on the BRVM will take place on April 16, 2019

press release

Lomé (Togo), April 5, 2019 - Following the agreements of the Conseil Régional de l'Épargne Publique et des Marchés Financiers (CREPMF) and the Bourse Régionale des Valeurs Mobilières (BRVM), Oragroup informs its underwriters that the first listing ceremony for the shares will take place on Tuesday, April 16, 2019 in Lomé.

In this perspective, Oragroup reminds all underwriters that the purchase and management of Oragroup shares placed on the market requires the opening of a securities account with a Management and Intermediation Company (Société de gestion et d'intermédiation - SGI) approved by the CREPMF, the WAMU Financial Markets Authority.

Underwriters who participated in the Initial Public Offering (IPO), from 29 October to 22 November 2018, via the Orabank network counters, and who do not yet have a securities account, should contact BICI BOURSE by phone on +225 20 20 20 16 68 or by email on servicesbicibourse@bnpparibas.com for the transmission of the various account opening documents. All the documentation required to open a securities account at BICI BOURSE is available on the website www.orabank.net.

The public offering, 100% subscribed, included the issuance of 6,097,561 new shares, through a capital increase, and the sale of 7,785,445 existing shares on the secondary market at a price of CFAF 4,100 per share, representing a CFAF 56.92 billion (€86 million) fundraising on the regional financial market. The listing of shares on 16 April 2019 is the most important IPO in the BRVM since its creation in 1998. At the end of the transaction, 20% of Oragroup's share capital will be listed on the stock exchange (floating capital). The Group's other current shareholders will retain 80% of the capital, including pan-African investor Emerging Capital Partners (ECP), which will remain the reference shareholder with more than 50% of the shares.

About Orabank
Oragroup is present in 12 countries across West and Central Africa (Benin, Burkina Faso, Côte d’Ivoire, Gabon, Guinea Conakry, Guinea Bissau, Mali, Mauritania, Niger, Senegal, Chad, Togo) and in four Monetary Union areas (WAEMU, CEMAC, Guinea Conakry, Mauritania). With 139 bank branches and 1,811 employees, Oragroup proposes to its 430,000 customers (governments, institutions, NGOs, large national and international companies, SMEs and private individuals) a wide range of banking products and services based on proximity and responsiveness.

Working towards financial inclusion through the deployment of innovative solutions, Oragroup is also focusing on the less banked segments of the population. This commitment is reflected in its CSR approach, which is an integral part of its strategy and is a priority of its governing bodies, focused on anti money laundering, energy transition, the management of social and environmental risks, and the well-being of the general public and its employees.

For more information, please consult www.orabank.net or follow us on LinkedIn, @GroupeOrabank on Twitter, Facebook, Instagram, Google+, You Tube.

Press Contacts

Oragroup - Head of Communication
Delphine Ndiaye
+228 92 52 08 04 / +228 99 86 41 44
delphine.ndiaye@orabank.net

 

35°Nord – Press Relations Agency
Nicolas Teisserenc
+33 (0)6 18 09 66 90
nt@35nord.com

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