22 Jan 2026 14:36
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This announcement appears as a matter of record only.
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ALLOTMENT ANNOUNCEMENT
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(Incorporated under the laws of the Federal Republic of Nigeria with Registration Number 1690945
Legal Entity Identifier: 0292004488G9K8Y1I649)
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Announces the results of the
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Private Placing
of
125,000,000
Ordinary Shares of 50 kobo each
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at N80.00 per share
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With respect to the Placing Memorandum dated December 24, 2025
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⊠One (1) application for 125,000,000 ordinary shares was received in connection with the Private Placing.
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⊠The application was deemed valid under the terms of the Private Placing and was processed accordingly. The Private Placing was therefore 100% subscribed.
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⊠The Basis of Allotment is as presented below:
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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 | ||
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The above-stated Basis of Allotment and this announcement have been cleared by the Securities and Exchange Commission.
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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.
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ISSUING HOUSE
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This announcement is dated January 22, 2026
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