Áurea-Sociedade Distribuidora de Valores Mobiliários SA and Banco Poupança e Crédito – BPC plan to strengthen contacts with suppliers to finalize the sale of 37.47% of the shares in the Angolan company Exploração Petrolífero SA (ACREP)
This information was provided yesterday, in Luanda, by the president of Áurea’s Executive Committee, Kelson Cardoso, having explained that the process to be carried out through the Angola Debt and Stock Exchange (BODIVA) was extended until 3pm on the 15th of this year. month, a decision approved by the Capital Market Commission (CMC). Kelson Cardoso highlighted that the reinforcement of meetings with suppliers must be carried out to complete the process, with the greatest possible success for the issuer-ACREP.
He reinforced that these actions are essentially meetings of explanation, presentation, clarification, doubts, “so that, now, in a scenario where they already have resources to invest, they can make these investments”. The person in charge considered financial literacy to be one of the challenges of the capital market in Angola, “clearly because we still see that there are many people who do not know that, to participate in the capital market, they must have a custody account, opened with an agent of intermediation, being a transversal theme in the capital market and which influences this operation”.
Speaking to Angop, he added that they should increasingly reinforce “this information, communication, to investors so that they can have the conditions created whenever new operations arise”. The scheduled date for interested parties/investors to acquire their respective shares was between February 19th and March 1st, 2024, and has now been extended to the 15th of this month.
“The extension of the deadline is based, among other aspects, on the concentration of account opening requests in the final part of the global public offering period, and it was not possible to respond in a timely manner to such requests”, he asserted. Extending this period also makes it possible to ensure compliance with the best regulatory and compliance standards. In this Public Subscription Offer (OPS), up to 600 thousand and 890 ordinary, book-entry and registered shares are offered, with a nominal unit value of 3,250 kwanzas, representing up to 24.99% (in case of full subscription) of the share capital from ACREP.
In the Public Offering (OPV), 300 thousand ordinary, book-entry and nominative shares are offered, with a nominal unit value of 3,250 Kz, representing up to 16.63% of ACREP’s current share capital, currently held by shareholder BPC. ACREP is a company founded in 2003, which operates in the Oil and Gas sector in Angola, while across borders it is marked with a strategy that began with oil exploration in mature fields, the acquisition of 15% of participating interests in the offshore block 4/05, 5% in the offshore block 17/06 and 15% in the onshore block Cabinda Norte, in 2005, 2006 and 2007, respectively.