The Nigerian Exchange Limited (NGX) has listed an additional ₦3.99 billion worth of shares of Chams Holding Company Plc for trading on the local market.
The Exchange confirmed that 2.348 billion additional ordinary shares of the company have been admitted to trading, increasing Chams’ total issued shares and strengthening its capital base.
In a corporate notice, the NGX said, “Trading licence holders are hereby notified that an additional 2.348 billion ordinary shares of 50 kobo each of Chams Holding Company were, on December 23, 2025, listed on the daily official list of Nigerian Exchange Limited.”
The newly listed shares resulted from the company’s rights issue of 2.348 billion ordinary shares of 50 kobo each, priced at N1.70 per share. The offer was made on the basis of one new share for every two ordinary shares held as of the close of business on June 16, 2025.
Following the listing, Chams’ total issued and fully paid-up shares increased from 6.652 billion to nine billion ordinary shares of 50 kobo each.
Chams Plc carried out the rights issue in mid-2025 to raise N3.99 billion. The offer opened on August 8, 2025, and closed in late September after an extension period.
Proceeds from the capital raise are expected to support the expansion of the company’s digital identity and payment solutions, as well as the establishment of a card production plant.
This is also aimed at improving liquidity and reinforcing strategic position within Africa’s fintech ecosystem.
The capital injection is expected to further strengthen the company’s balance sheet and enhance its role in identity management and transactional systems.
Chams, a pioneer in Nigeria’s fintech since 1985 and listed on NGX in 2008, says it remains focused on staying competitive in a fast-changing sector.
In a letter to shareholders, Chairman of Chams Holding Company, Demola Aladekomo, said the capital raise was driven by changes in technology and the operating environment.
“Due to the advances in technology, the rapid evolution of the business of identity management, payment collection, and transactional systems solutions in Nigeria, and changes in the operating landscape, it is imperative that Chams remains agile, adaptable, and properly positioned to respond appropriately to developments, whilst remaining a competitive and forward-looking institution.”
He added that the company’s management is pursuing major projects and initiatives to strengthen its structure, diversify earnings and grow market share within the real sector of the economy.
