Last Updated: 19 July 2019
The Special Stock Exchange session held by the Mozambican Stock Exchange (BVM) on Wednesday, July 17, in Maputo. Aimed to determine the Results of the Public Offering (IPO) of the shares of the Cahora Bassa Hydroelectric Plant ( HCB).
On the occasion, the Chairman of the Board of Directors (PCA) of BVM Salim Valá said that this is a day that will symbolize the opening of a new page in the life of the institution, in which Mozambican citizens, companies and institutions, through a concrete exercise of economic and financial inclusion through BVM, as postulated by His Excellency Filipe Jacinto Nyusi, President of the Republic of Mozambique, on November 27, 2017, in Songo.
According to Salim Valá, HCB's Public Offer for Sale dealt with specific characteristics - due to its size, objectives, definition of priority investors, channels for subscription of shares, share sale price, guarantee and attribution of shares, as well as a very bold communication program - becoming an IPO that goes beyond the traditional concept of Public Offering, particularly focusing on inclusiveness and inclusiveness.
According to the PCA, the 10 Provinces of Mozambique and the City of Maputo all had subscribers in the IPO of HCB.
"We can say that of the 154 districts of the country, although some still do not have banking infrastructures, investors from 142 districts, corresponding to more than 92 percent, participated in the operation. Even Mozambicans from the diaspora were attracted to HCB's actions and were able to participate in the operation, "explained the top manager of BVM.
In another development, Valá said that the size of this offer, more than 686 million shares, which became more than 1.099 million shares, represented a sovereign opportunity for the popularization of capital and constituted a concrete expression of the relevance of the BVM as an important mechanism for citizens and companies to invest in a reputed national company and thus diversify the sources of their savings.
It should also be pointed out that in this operation, and for the small retail investors segment created to include lower income citizens in the process, they were given not only a high priority in the allocation of shares but also charges for the subscription of shares - stock exchange rate, transaction registration fee at Central Securities - by Diploma of the Minister of Economy and Finance, revealing the Government's concern with investors with lower saving capacity, so that they could also participate in this endeavor of financial citizenship and promotion of inclusive economic growth.
During the session, BCI Executive Council Chairman Paulo de Souza, leader of the HCV OPV Financial Consortium, accompanied by HCB PCA, Pedro Couto, formally handed over the file regarding HCB's application for admission to listing. Bolsa, to the PCM of BVM, Salim Valá.Photo Events