Access Holdings Cleared for N40bn Private Placement
Access Holdings Plc has secured sweeping shareholder approvals to strengthen its capital base, following resolutions passed at its Extraordinary General Meeting (EGM) held virtually on Thursday, December 18, 2025.
At the meeting, shareholders authorised the group to raise up to N40 billion in fresh equity through a private placement, with the new shares to be allotted at a unit price of N20.25. The approvals also covered an increase in the company’s issued share capital from N26.66 billion to N27.65 billion, reflecting the anticipated issuance under the transaction.
The outcome of the meeting was disclosed in a corporate filing with the Nigerian Exchange (NGX) on Thursday, signed by the company secretary and a director. According to the filing, members endorsed a comprehensive set of resolutions empowering the board of directors to execute the capital raise, restructure the company’s share capital as approved, and engage selected investors for the private placement.
Specifically, shareholders granted the board full authority to determine the final terms of the offer within the approved parameters, allot the new shares to identified investors, and complete all regulatory filings and documentation required by the NGX and other relevant authorities. The resolutions further sanctioned all ancillary actions necessary to give effect to the fundraising, including amendments to the company’s share structure arising from the increased issued capital.
From a market perspective, the approvals underscore shareholder alignment with Access Holdings’ balance sheet optimisation strategy, providing the board with clear latitude to shore up capital through targeted equity injection. The private placement structure, as approved, offers flexibility in timing and investor selection, while the enlarged issued share capital positions the group to absorb the new equity without procedural constraints.
In effect, the virtual EGM has delivered a clean mandate to Access Holdings’ board now holds full shareholder authorisation to proceed with the N40 billion equity raise and related capital restructuring, marking a decisive step in the group’s ongoing capital management and growth agenda. #Access Holdings Cleared for N40bn Private Placement#
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