Access Holdings Lists 1.058 Billion New Shares on Nigerian Exchange Following Private Placement

Access Holdings Plc increases total shares to 54.376bn after listing 1.058bn new ordinary shares from its 53.54% subscribed private placement.

By: AXL Media

Published: Apr 14, 2026, 7:50 AM EDT

Source: Information for this report was sourced from Leadership News

Expansion of Issued Share Capital

Access Holdings Plc has officially expanded its presence on the Nigerian Exchange (NGX) with the addition of 1.058 billion ordinary shares to its daily official list. According to the NGX weekly report for the period ending April 10, 2026, these shares were formally listed on April 8. This move successfully boosts the company’s total issued and fully paid-up shares from 53.318 billion to 54.376 billion. The listing represents a significant step in the financial holding company’s ongoing efforts to broaden its equity base and provide a robust platform for future market activities.

Results of the Private Placement Exercise

The newly listed shares originated from a private placement of 1.975 billion ordinary shares priced at 20.25 Naira per share. Market data reveals that the exercise achieved a subscription rate of 53.54 percent, resulting in the issuance of the 1.058 billion shares. While the placement was not fully taken up, the capital raised contributes substantially to the 40 billion Naira equity target previously approved by shareholders. This injection of funds is a key component of the group's strategy to maintain high liquidity and meet the evolving regulatory requirements of the Nigerian financial sector.

Strategic Balance Sheet Strengthening

The decision to raise fresh equity capital is part of a broader mandate to fortify the company's balance sheet. Access Holdings has been vocal about its intentions to support aggressive growth across its diverse portfolio, which includes both core banking operations and various non-banking subsidiaries. By securing this additional capital, the group ensures it has the necessary resources to navigate a competitive landscape and to fund expansion projects that may arise during the 2026 fiscal year.