Lagos, Nigeria - 5th December 2025 - Ellah Lakes Plc ("Ellah Lakes" or "the Company") announces that the Securities and Exchange Commission (SEC) has approved the extension of the Offer period for its' ongoing Public Offer of 18,800,000,000 ordinary shares of 50 kobo each at ₦12.50 per share. The Offer, which opened on Monday, 10 November 2025 and was initially scheduled to close on Friday, 5 December 2025, will now remain open until Friday, 19 December 2025.
The extension follows rising investor interest, reflecting Ellah Lakes' commitment to enabling broad participation in one of the largest equity offerings in Nigeria's agribusiness sector. This additional window is designed to accommodate the growing appetite for the Offer and further underscores the Company's confidence in its' long-term growth strategy, as well as its' dedication to giving more stakeholders the opportunity to participate in shaping the future of food security across Africa.
Ellah Lakes notes that extending the Offer period will allow more investors to participate in the Company's growth journey as it accelerates scale, enhances food security and delivers sustainable long-term value for all stakeholders.
The Company encourages all prospective investors who have not yet subscribed to take advantage of the extension by completing their applications either through the NGX Portal, or by downloading and completing the Commitment Formavailable on the Companys' website for submission through their stockbroker.
About Ellah Lakes Plc
Ellah Lakes Plc is a rapidly growing indigenous agribusiness company leading Nigeria's agricultural transformation. Established in 1980 as a fish farming enterprise, the Company underwent a strategic shift in 2019 following the acquisition of Telluria Limited. It repositioned itself as a vertically integrated agro-industrial player focused on crop cultivation, processing, and sustainable value creation.
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Modupe Boardman Ejikeme
Contacts
Ellah Lakes | |
Chuka Mordi, Managing Director/ Chief Executive Officer | |
Paul Farrer, Deputy Managing Director | |
Hewett Benson, Chief Financial Officer | |
Geraldine Ofoluwa, Investor Relations | |
Vaerdi Investor Relations (Investor Relations Adviser) | +234 810 544 2273 |
Oluyemisi Lanre-Phillips | |
Olakunle Israel |
Chief Administrative Officer