It was born 18 years ago in the national market and, since then, has been part of many Mozambican families, since it sells food products. Now, however, Tropigalia does not want Mozambicans to be just clients, it wants them to become owners of a part of the company.
For this, it is going to put, between October 17 and November 4, 10% of its shares available, so that the public can buy them. Specifically, 3 078 507 shares are available, and are valued at 360 million Meticais.
In this operation, writes “O País”, young people with up to 30 years of age, completed by December 31, have priority. So much so that there is a period dedicated only to this layer, during which young people pay less for the shares.
Each share costs 120 Meticais, but if a young person buys between October 17 and 21, they can pay 100 Meticais. After that period, prices will be equalized and adjusted to 120 Meticais. The minimum lot is 50 shares and the maximum lot is 10,000 shares per investor.
The shares that the firm distributed are preferred, which correspond to class B. The big difference these shares have compared to ordinary shares is that they do not give voting rights to those who invest in them, but they do give other “privileges,” as Tropigalia’s founder and majority shareholder Adolfo Correia said. “They give 10% above, in the distribution of dividends.”
In other words, “whoever invests in our operation, which already has an 18-year experience, does so to obtain dividends and not to manage the company; that responsibility remains strictly as it has been over the last 18 years.”
