Chams Holding Company Plc has announced an extension in the trading period of its ongoing Rights Issue, following approval from the Securities and Exmodify Commission (SEC).
The extension, which grants investors an additional ten working days to participate, relocates the closing date to Friday, September 26, 2025.
The Rights Issue, involving 2,348,030,000 ordinary shares of 50 kobo each at N1.70 per share, was initially scheduled to close earlier in September.
The offer is being executed on the basis of one new ordinary share for every two existing ordinary shares held as at the close of business on Wednesday, June 16, 2025. Trading officially commenced on Friday, August 8, 2025.
The Nigerian Exmodify Limited (NGX), in a market bulletin with reference number NGXREG/IRD/MB59/25/08/12 dated August 12, 2025, had earlier notified stakeholders of the opening of the Rights Issue.
With SEC’s approval for an extension, investors now have a longer window to take up their rights and increase their stakes in the company.
Market operators view the extension as an opportunity for more shareholders to participate fully in the capital raising exercise. Rights issues are typically utilized by companies to strengthen capital base, support expansion plans, or refinance existing obligations.
Chams Holding Company Plc, a provider of identity management and digital solutions, has embarked on this fund-raising initiative as part of its broader strategy to consolidate growth and expand its business operations across Nigeria.
The company expects the additional subscription window to enhance overall investor participation, which will, in turn, boost the success of the Rights Issue.
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