Kayode Tokede
Ellah Lakes Plc stated that the Securities and Exchange Commission (SEC) has approved the extension of its ongoing N235 billion public offer period, allowing more investors to participate in the company’s growth journey. The company is raising a public offer of 18.8 billion ordinary shares of 50 kobo each at N12.50 per share. The offer, which was initially set to close on December 5, 2025, will now remain open until December 19, 2025, due to rising investor interest.
Ellah Lakes aims to raise funds to accelerate its scale, enhance food security, and deliver sustainable long-term value for stakeholders.
The company, in a statement said, “the extension follows rising investor interest, reflecting Ellah Lakes’ commitment to enabling broad participation in one of the largest equity offerings in Nigeria’s agribusiness sector.
“This additional window is designed to accommodate the growing appetite for the Offer and further underscores the company’s confidence in its’ long-term growth strategy, as well as its’ dedication to giving more stakeholders the opportunity to participate in shaping the future of food security across Africa.”
Ellah Lakes noted that extending the offer period will allow more investors to participate in the Company’s growth journey as it accelerates scale, enhances food security and delivers sustainable long-term value for all stakeholders.
