Thisday: African Prudential Registrars (APR) Plc last week said it would expand its operations across the African continent. APR(formerly UBA Registrars) is the first and only registrar firm to be listed on the Nigerian Stock Exchange (NSE). It got listed on the Nigerian bourse in January 2013.
However, addressing shareholders at first annual general meeting of the company in Lagos, the Managing Director/Chief Executive Officer of APR, Mr. Peter Ashade said that the firm would acquire companies in other parts of Africa to strength its business.
Ashade disclosed that the firm acquired UAC Registrars in 2013, the oldest non-bank affiliated registrar outfit in Nigeria to boost its performance.
“This acquisition lends further credence to our aim to be the leading registrars outfit in Nigeria and Sub-Sahara Africa. The transaction helped grow our business inorganically by adding on four client companies with aggregate shareholder base of over 250,000,” he said.
He added that APR has strategic plans to explore other opportunities for both organic and inorganic growth of our business, which will ultimately grow the aggregate shareholder base across their client companies to over four million by 2015 financial year end.
In her address, Chairman of the firm, Mrs. Eniola Fadayomi said the company has put strategy in place to provide clear direction for the development of its human and capital resources.