Stocks under review_Digicut Production & Advertising Limited(DIGICUT)

Digicut Production & Advertising Limited is a subsidiary of Groupe Nduom and is a full service advertising agency and public relations consultancy company. It was established and started operations in 2010 as part of the former Ghana Media Group until 1st October, 2014, when it stepped out re-strategized to take the ever-increasing advertising and PR needs of Groupe Nduom companies and its clients in Ghana.

The company was subsequently re-registered as a public limited liability company after the decision of the Shareholder and Board of the Company to go public and raise funds for its operations on 19 December 2017.

Authorized Business

The authorized business of DigiCut Production & Advertising Limited includes the following:

1. Advertising Services, including Designing; Media Buying; Documentaries, TV and Radio Production; Outdoor Advertising (Billboards, Signage, Posters); Branding and Rebranding; Concept Development; Copywriting.

2. Production of Videography, Photography, Animation, and Printing.

3. Public Relations Service, including Media Management; Communication and Corporate Image Strategy Development; Press Conferences; Press releases and Statement; Press Articles and Feature Stories; Newsletters and Brochure; Corporate Social Responsibility; Digital PR Activities; Media services.

4. Outdoor advertising such as Signage, Billboards and Banners.

In March 2018, the company issued a prospectus for its’ IPO (initial public offering) for investment from the general public to join its business. The offer was open from the 1st – 27th when it started trading on the exchange.

DIGICUT offered 35,672,632 shares of no par value at GHC 0.08 per share to the public to raise an amount of GH¢ 2.854million. “The shares sold under this offer will be publicly traded on the Ghana Alternative Market, GAX”. The minimum units of sale was 750 ordinary shares and in multiples of 250 shares thereafter. Therefore, an amount of GH¢ 60 was needed to purchase the minimum of 750 shares.

After successfully listing on the GAX in 2018, the audited financial statement for that year showed a loss of GHS 908,580 as compared to a profit of GHS 1,388,360 in 2017.

The price per share of DIGICUT is GHS 0.09 on the exchange.

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