Chams Holding Company Plc is currently in the market raising money from its existing shareholders through a Rights Issue of 2.348billion ordinary shares at N1.70 per share. The offer size is N3.991billion.
The Rights being offered are tradable on the floor of the Nigerian Exchange Limited (NGX) for the duration of the acceptance period of the Issue. As at close of trading on August 11, the share price of Chams Holdings was N2.61, an indication that it has risen this year by 31.16 percent. The stock had reached a 52-week high of N3.65 and a corresponding week low of N1.85.
The Rights Issue is on the basis of 1 new ordinary share for every 2 ordinary shares held as at the close of business on Monday, June 16, 2025. The acceptance list / trading in rights opened on Friday, August 8 while the rights issue is scheduled to close on Friday, September 12, 2025.
