Chams Holding Company Plc, has finalised plans to raise N7.65 billion through a combination of a Rights Issue to existing shareholders and a Private Placement Offer to strengthen the companys financial position, support long-term growth, and deliver greater value to stakeholders.
The signing ceremony for the hybrid offer was held at the companys headquarters in Lagos over the weekend. Both components of the offer had previously received unanimous approval from shareholders at the last Annual General Meeting.
Under the Rights Issue, 2,348,030,000 ordinary shares of 50 kobo each will be offered to existing shareholders at N1.70 per share, on the basis of 1 new share for every 2 held as of June 16, 2025.
The Rights Issue will open on Friday, August 8, 2025, and close on Friday, September 12, 2025 while the Private Placement will open on Monday, September 1, 2025, and also close on Friday, September 12, 2025.