Ellah Lakes Plc has kicked off a N235 billion public supply as a part of its subsequent part of strategic progress and capital growth.
The corporate said this at its”Info Behind the Provide” presentation held on the Nigerian Alternate Restricted (NGX). The corporate is elevating the capital to considerably fund strategic acquisitions and improve its processing amenities as a part of its subsequent part of growth and worth creation.
Moreover, Ellah Lakes famous that the capital elevate helps a five-year technique to attain N200 billion in income, leveraging diversified crops, livestock, and enhanced value-added processing.
Ellah Lakes issued 18.800 billion peculiar shares of fifty kobo every, at a worth of N12.50 per share, focusing on a complete elevate of N235 billion. The applying checklist for the Provide opened yesterday, November 10, 2025, and can shut on December 5, 2025. The Firm has appointed Rand Service provider Financial institution (RMB) because the Lead Issuing Home for this landmark fairness growth.
Talking, the chief government officer of Ellah Lakes, Chuka Mordi, said that “this supply for subscription isn’t just about elevating capital, it’s about unlocking the following chapter of Ellah Lakes’ progress story. At a proposal worth of N12.50 per share, this capital elevate displays the intrinsic worth of our scaled, built-in platform.
“We’re inviting traders to capitalise on a transparent trajectory of progress, one that’s constructed on over 30,000 hectares of resilient, diversified belongings and strong processing capability. The N235 billion fairness growth represents a capital part that can transition Ellah Lakes from basis constructing to full-scale market growth, delivering sustainable profitability, returns on funding and advancing Nigeria’s meals safety and rural prosperity agenda.”
The deputy managing director, Ellah Lakes, Paul Farrer elaborated on how the proceeds will likely be deployed, saying that “each naira from this elevate has a transparent strategic function, the capital will likely be deployed to speed up the combination of the newly acquired Agro-Allied Sources & Processing Nigeria Restricted (ARPN) belongings and to improve our Crude palm oil (CPO) mills and cassava processing amenities.
“Our technique is obvious: we’re utilizing this fairness to attain a step-change in operational effectivity and scale. This ensures we maximise the worth of each hectare and safe a strong income stream for Ellah Lakes. It will ship worth to all stakeholders because it delivers operational and monetary scale instantly.”
The chief government officer of Nigerian Alternate Restricted (NGX), Jude Chiemeka, recommended Ellah Lakes for leveraging the capital market as a platform for progress, saying, “The launch of this N235 billion fairness elevate underscores the depth and resilience of Nigeria’s capital market as a strategic enabler of company progress.
“At NGX, we’re significantly happy to see a number one indigenous agribusiness like Ellah Lakes harness the market to scale its operations and deepen worth creation throughout the agricultural worth chain. This supply represents not solely a possibility for traders to take part within the nation’s agro-industrial growth but in addition a robust sign of renewed confidence within the Alternate as a gateway for transformative capital formation.”
