By Sofiyyah Layole
Access Holdings Plc has summoned its shareholders to an Extraordinary General Meeting scheduled for December 18, 2025, as the financial services group moves to strengthen its capital base and position itself for future expansion. The meeting is expected to consider and approve a series of special resolutions that will allow the company raise fresh funds and alter its share structure.
According to the notice signed by the Company Secretary, Sunday Ekwochi, the board is seeking shareholders’ approval to raise as much as N40 billion through a private placement. The directors will be empowered to determine the final amount, the structure of the offer, the terms, and the prospective investors.
The capital raise is being undertaken in line with the requirements of CAMA 2020, the Investments and Securities Act 2025, the Nigerian Exchange Rulebook and regulatory directives from the Central Bank of Nigeria, which supervises Access Holdings as a licensed financial holding company.
As part of the planned transaction, the group is proposing to increase its issued share capital from N26.66 billion to N27.65 billion. This will be achieved by creating an additional 1.98 billion ordinary shares of 50 kobo each, which will rank equally with existing shares. The new shares will be allotted to investors participating in the private placement at a proposed offer price of N20.25 per share, although the board retains the discretion to adjust pricing as it deems fit.
The board is also seeking authorisation to appoint professional advisers, negotiate agreements, and secure all regulatory approvals required for the deal, including those from the SEC, NGX and the CBN. Shareholders will additionally be asked to ratify all preliminary steps already taken by the board in connection with the capital-raising exercise.
Access Holdings has embarked on an aggressive expansion strategy in recent years, and the latest move signals the group’s intention to shore up its balance sheet ahead of regulatory changes and evolving market conditions. The outcome of the December meeting will determine how quickly the holding company can proceed with its next phase of capital and growth plans.