Chams Holding Company Plc has listed an additional 1.956 billion ordinary shares of 50 kobo each on the Nigerian Exchange Limited (NGX), following a private placement at N1.87 per share.
The listing, effective November 17, 2025, increases the company’s total issued and fully paid-up shares from 4.696 billion to 6.651 billion, raising N3.658 billion to support equity funding and technical operations.
A press release on the NGX, said “trading licence holders are hereby notified that additional 1.956 billion ordinary shares of 50 kobo each of Chams Holding Company were on November 17, 2025, listed on the daily official list of Nigerian Exchange Limited (NGX).
“The additional shares listed on NGX arose from the Company’s private placement of 1.956 billion ordinary shares of 50 kobo each at N1.87 per share. With the listing of the additional shares, the total issued and fully paid-up shares of Chams Holding Company have now increased from 4.696 billion to 6.652 billion ordinary shares of 50 Kobo each.”
It will be recalled that the company said, “the proceeds from this fund raise will be invested in strategic projects that reinforce the company’s ambition to lead the continent’s digital payments and identity management markets. Chief among these initiatives is the establishment of a state-of-the-art EMV-certified card personalisation plant in Nigeria.”
Chams HoldCo said, “it planned to channel funds into cross-border digital payment innovations, a critical growth area. By building robust platforms that support seamless and secure transactions across Africa, the company aims to empower individuals, businesses, and governments while fostering financial inclusion and regional commerce.
“In addition, the company is preparing to implement next-generation switching infrastructure to enhance transaction speed, reliability, and security. This upgrade is expected to improve user experience, support the rollout of new products, and ensure Chams HoldCo remains competitive in the rapidly expanding African fintech ecosystem. A portion of the funds will also be dedicated to strengthening working capital, giving the company the financial agility to execute its plans and respond swiftly to new market opportunities.”