Ghana's No. 1

Hearts launch initial public share offer

Published on: 01 August 2011

By Ameenu Shardow

An initial 20 million shares have been offered for sale to the general public by Premier League club, Accra Hearts of Oak on Monday.

The initiative is aimed at relieving the club off choking debts and also to form the resource basis to undertake massive short, medium and long term projects.

An estimated 10 million Ghana cedis is expected from the sale with the minimum number of shares per individual (100) going for 50.00 Ghana cedis.

The offer opens from 1st until 29 August and board chairman Commodore Mensah of the club has encouraged the clubs support base to be more active in the sale though the doors are open to all.

“Modern trends and challenges have necessitated the club to go public and we hope our supporters will take full advantage of this initiative to enhance the fortunes of our dear club,” Mensah said at the launch.

Hearts of Oak becomes the first Ghanian club to go public with its ownership and plans to list on the Ghana’s Stock Exchange within a year after the initial offer.

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