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    Tuesday, October 20

    Nexamont Acquires 21.4% Interest in Royal Exchange

    Olu AnisereBy Updated: Insurance No Comments1 Min Read
    Nexamont Acquires 21.4% Interest in Royal Exchange

    Nexamont Acquires 21.4% Interest in Royal Exchange

    Royal Exchange Plc has announced the acquisition of 1.77 billion ordinary shares in the company by Nexamont Company Ltd. This is according to a corporate disclosure released through the Nigerian Exchange Ltd.

    The disclosure was signed by Nova Finance Securities Ltd., the financial advisers to Nexamont. It said that the transaction was executed through the secondary market, represented 21.4 per cent equity stake in Royal Exchange Plc.

    The statement reads, “Royal Exchange Plc received a letter from Nova Finance Securities Ltd., the Financial Advisers to Nexamont Company Ltd., notifying the Company that Nexamont has acquired 1,770,499,535 units of ordinary shares of Royal Exchange Plc through the secondary market.

    “This represents at least 21.4 per cent equity stake in the Company.

    “Pursuant to Rule 17.13 (a), Part II of the Rulebook of Nigerian Exchange Ltd., the company wishes to inform the Exchange, its shareholders and the investing public that Nexamont Company Ltd., is now a beneficial owner of 1,770,499,535 ordinary shares in Royal Exchange Plc. # Nexamont Acquires 21.4% Interest in Royal Exchange GTCO Climbs with Significant Block Trade Deals

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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