- Positioned for dividend payment
Investors have been urged to take advantage of the ongoing public offer of shares by Ellah Lakes which opened on Monday, as the last opportunity to buy the company’s shares at a cheap price.
Mr. Chuka Mordi, Chief Executive Officer of Ellah Lakes Plc, made the call at the NGX Exchange Lagos event centre during the presentation of Facts Behind the Offer by the company.
Ellah Lakes Plc, Nigeria’s pioneering integrated agro-industrial enterprise, is raising N235 billion through the issuance of 18.8 billion ordinary shares of 50 kobo each at N12.50 per share. The Offer, led by Rand Merchant Bank (RMB) as Lead Issuing House, opened on Monday, 10 November 2025, and will close on Friday, 5 December 2025.
Mr. Chuka Mordi, Chief Executive Officer of Ellah Lakes Plc, described the Offer as very unique to both investors and the company as the company is using deploying it as incentivized, the company’s least share price going forward, while to investors it gives them the opportunity to buy now and watch they investment grow through price appreciation, having pre- pared extensively for the expected growth.
Mordi said that Ellah Lakes Plc currently embodies growth and profitability, coming from years of retardation. The company he said is working towards achieving remarkably in the Nigerian agriculture sector, adding that the ongoing public offer provides investors the opportunity to buy the company’s shares at a very cheap price.
“The past five years, we have been trying to build a long-term viable agribusiness in Nigeria that is very sustainable. We have gone into oil palm and we are diversifying into livestock. In the last year, we have installed our crude palm oil mill. So, we are now finally productive.”
Leave a Reply
Leave a Reply
