Lagos, Nigeria, September 19, 2025
NOTIFICATION OF ACQUISITION OF 1,770,499,535 ORDINARY SHARES OF ROYAL EXCHANGE PLC ("THE COMPANY") BY NEXAMONT COMPANY LIMITED PURSUANT TO RULE 17, PART II (ISSUER'S RULES) OF THE NIGERIA EXCHANGE LIMITED RULE BOOK 2015Royal Exchange Plc (the Company) received a letter from Nova Finance Securities Limited, the Financial Advisers to Nexamont Company Limited ("Nexamont"), 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% equity stake in the Company.
Pursuant to Rule 17.13 (a), Part II of the Rulebook of Nigerian Exchange Limited (The Exchange), the Company wishes to inform The Exchange, its shareholders and the investing public that Nexamont Company Limited is now a beneficial owner of 1,770,499,535 ordinary shares in Royal Exchange Plc.
The general public should please take note.
FOR: ROYAL EXCHANGE PLC LOVELYN ANIEKWE FOR: OOT NOMINEES LIMITED FRC/2022/COY/160581 COMPANY SECRETARY ROYAL EXCHANGE PLC RC: 6752 18, #18 King George V Road T.+234 915 221 3054 and +234 915 221 3058 Onikan, Lagos, Nigeria E.info@royalexchangeplc.com W. https://www.royalexchangeplc.com Directors: Mr. Kenneth Ezenwani Odogwu (Chairman), Chief (Dr.) Anthony Ikemefuna Idigbe (SAN), Mr. Adeyinka Adekunle Ojora, Mrs. Idu Okeahailam