Africanhair PLC, a beauty e-commerce company trading under the brand BeautyClick, says it plans to raise new equity by listing at the Nairobi Securities Exchange.
Founded in 2016 by Danish investors, Africanhair PLC is incorporated in Kenya and is a wholly-owned subsidiary of ClickBeauty International based in Denmark.
The Company’s majority shareholders say they recently approved a directive to immediately start the listing process.
Speaking on the shareholders’ consent for an NSE listing, the company’s founder, and director Jesper Drescher, said that the shareholders’ unanimous decision sets pace for the company to invite the public to invest as it seeks further capitalization to bolster is growth plan.
“Upon receiving the greenlight from our shareholders, we kickstarted the process to seek requisite regulatory approvals for a listing and further capitalization at the Nairobi Securities Exchange. To this end, we have appointed a team of experienced transaction advisors to provide the appropriate guidance on the process. Said Mr. Drescher
The Company has appointed Standard Investment Bank as the Lead Transaction Advisor. CDSC Registrars Limited will act as the receiving Agent and Data Processing Consultant while Cooperative Bank will be the Receiving Bank.