London Stock Exchange Group has welcomed
Lekoil Limited to its growth market, AIM. The company raised approximately $50
million and has a market capitalisation of $112.1 million at admission. It is
the largest capital raising on AIM this year, and the latest Nigerian firm to
float in London following recent admissions by Zenith Bank and Eland Oil &
Gas.
In a special gesture,
Lekoil was welcomed to market by Alderman Roger Gifford, Lord Mayor of the City
of London, who presented a commemorative plaque to the company to mark the
occasion.
Founded
in 2010 and headquartered in Lagos, Lekoil is an independent, Africa-focused
oil and gas exploration company. While most of its assets are in Nigeria, it
also has interests in offshore Namibia. Lekoil is the fourth
oil & gas explorer with significant operations in Nigeria on London’s
markets. Since 2007 oil and gas companies have raised over US $21.6 billion on
London’s markets.
London Stock Exchange is the largest
international stock exchange for African companies. Since 2008, Africa-focused
companies listed on London Stock Exchange have raised over $6.5 billion in new
and further issues.
