No Official Announcement Made Regarding IPO -Zichis
Zichis Agro-Allied Industries Plc has distanced itself from media reports suggesting that the Company is set to undertake an Initial Public Offering (IPO) or related capital raising activity.
In a disclosure released on Monday, the Company clarifies that no official announcement has been made regarding any IPO or public offering of shares at this time.
Zichis confirms that it has proposed to seek shareholders’ approval at its forthcoming Annual General Meeting (AGM) to raise additional capital, which may be through equity, debt, or a combination of both, subject to regulatory approvals and market conditions.
“At this stage, the structure, timing, and details of any such capital raising have not been finalised, and no specific transaction has been concluded.
“As a company listed on the Nigerian Exchange Limited (NGX), Zichis remains committed to the highest standards of corporate governance, transparency, and timely disclosure”.
Zichis said any material corporate actions or capital market activities will be formally communicated through the appropriate regulatory channels.
It also acknowledges the continued interest of investors and market participants in its operations and performance and remains focused on delivering sustainable value through disciplined strategic execution.
Zichis advised shareholders and the investing public to rely solely on official disclosures and filings made by the Company through the Nigerian Exchange (NGX) and other authorised regulatory platforms when making investment decisions. Lafarge Africa Hits 52-Week High Ahead of Dividend Payment
