Ellah Lakes Extends N235bn Public Offer Deadline Amid Rising Investor Interest

Ellah Lakes Plc stated that the Securities and Exchange Commission (SEC) has approved the extension of its ongoing N235 billion public offer period, allowing more investors to participate in the company’s growth journey.

The company is raising a public offer of 18.8 billion ordinary shares of 50 kobo each at N12.50 per share.

The offer, which was initially set to close on December 5, 2025, will now remain open until December 19, 2025, due to rising investor interest.

Ellah Lakes aims to raise funds to accelerate its scale, enhance food security, and deliver sustainable long-term value for stakeholders.

The company, in a release on the Nigerian Exchange said, “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 noted 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 encouraged 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 form available on the company’s’ website for submission through their stockbroker.

The chief executive officer of Ellah Lakes, Chuka Mordi described the offer as a pivotal step in the company’s evolution, saying that “this Offer for Subscription is about unlocking the next chapter of Ellah Lakes’ growth story.

“At an offer price of N12.50 per share, this raise reflects the intrinsic value of our scaled, integrated platform. We are inviting investors to participate in a clear growth trajectory built on over 30,000 hectares of resilient, diversified assets and strong processing capacity.

“The N235 billion equity expansion marks our transition from foundation building to full-scale market expansion, driving sustainable profitability and advancing Nigeria’s food security agenda.”

Ellah Lakes 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.