Chams Holding Company Plc has announced a 245 per cent growth in its operations and projected a profit margin of N32bn by December 2025, underscoring its ambition to strengthen its position in Nigeria’s technology and fintech space.
The Group Managing Director of Chams, Mayowa Olaniyan, disclosed this during an investor roadshow held in Lagos recently as part of activities for the company’s ongoing rights issue and private placement offer.
She explained that the capital raise, valued at N7.65bn, consists of a rights issue of 2,348,030,000 ordinary shares of 50 kobo each at N1.70 per share, alongside a private placement to select investors. According to her, the move is aimed at strengthening the company’s financial base and supporting long-term value creation for shareholders.
In a statement on Sunday, Olaniyan stated that the company’s performance and growth trajectory position it to begin delivering more frequent and sustainable dividend payouts in the years ahead.
“The roadshow underscores our commitment to transparency, innovation and strategic growth as we continue to deliver value to our shareholders and partners,” she said.
Shareholders who participated in the event expressed optimism about Chams’ future. One investor described the company as “the next best opportunity for investors interested in Nigeria’s tech-driven innovation revolution”, noting that the share price remains attractive.
Executive Director of Cowry Asset Management, the lead issuing house, Charles Sanni, said the timing of the rights issue was strategic, adding that Chams’ consistent rise in Africa’s fintech market made it the perfect period to raise additional capital.
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