Listing on NPEX goes live!
It has been a long run-up, with several obstacles, but the time has finally come. Today, Friday May 8, the listing of WelMac depository on NPEX has started.
Today, Friday May 8, the listing of WelMac depository on NPEX has started. Due to my trip to South Africa, I am unfortunately unable to ring the bell to inaugurate this, but we will roll out the opening in a more modest manner via the weekly NPEX newsletter.
It has been a long run-up, with several obstacles, but the time has finally come. I would like to take this opportunity—and I assume on behalf of all certificate and shareholder holders—to express our great appreciation for the way Laura has completed this complex project from start to finish. A remarkable achievement!
With an opening price of €24.50 per certificate, we expect that there will be some supply from investors who invested at an early stage and now wish to take profits, but on the other hand, we hope that interest will also arise from existing investors at NPEX. This will become clear in the coming months when we can announce the plans for setting up and equipping a processing plant. We expect to be able to make concrete agreements regarding this with RandAgri subsidiary McNuts this coming week, when I am at Welgevonden. RandAgri is one of the largest companies in the South African agricultural market, with branches all over the world.
We hope, along with you all, for a successful IPO and a growing value of our certificates as Welmac continues to develop in the coming years.
Nick F. Grooss
Managing Director
Founder