Sign In
Last checked at 
22 Jan 2026 14:36
This announcement appears as a matter of record only.
ALLOTMENT ANNOUNCEMENT
(Incorporated under the laws of the Federal Republic of Nigeria with Registration Number 1690945
Legal Entity Identifier: 0292004488G9K8Y1I649)
Announces the results of the
Private Placing
of
125,000,000
Ordinary Shares of 50 kobo each
at N80.00 per share
With respect to the Placing Memorandum dated December 24, 2025
▪ One (1) application for 125,000,000 ordinary shares was received in connection with the Private Placing.
▪ The application was deemed valid under the terms of the Private Placing and was processed accordingly. The Private Placing was therefore 100% subscribed.
▪ The Basis of Allotment is as presented below:
Share Range | Applications | Shares Applied | Shares Allotted | Subscription Amount (N) | ||
50,000,001 | Above | 1 | 125,000,000 | 125,000,000 | 10,000,000,000.00 | |
Total Subscriptions | 1 | 125,000,000 | 125,000,000 | 10,000,000,000.00 | ||
The above-stated Basis of Allotment and this announcement have been cleared by the Securities and Exchange Commission.
The allotted shares will be credited immediately to the CSCS Account of the Allottee by the Registrar to the Placing, DataMax Registrars Limited, 2C Gbagada Expressway, off Beko Ransome-Kuti Park, Lagos.
ISSUING HOUSE
This announcement is dated January 22, 2026
Follow the stocks
