Sterling Financial Holdings Company Plc has listed 6,659,927,623 additional ordinary shares of 50 Kobo each on the Daily Official List of the Nigerian Exchange Limited (NGX) following the successful completion of its Rights Issue exercise.
The new shares were listed on Tuesday, June 17, 2025, expanding the company’s total issued and fully paid-up share capital from 45,457,084,791 to 52,117,012,414 ordinary shares of 50 Kobo each.
The additional shares stem from the company’s Rights Issue of 7,197,604,531 ordinary shares, offered at a price of ₦4.00 per share.
The offer was structured on the basis of one new share for every four ordinary shares held as of the qualification date—Tuesday, August 6, 2024.
The successful listing represents a key milestone for Sterling Financial Holdings, enabling existing shareholders to increase their equity stake while supporting the company’s capital expansion objectives.
The listing further enhances market liquidity and signals investor confidence in the company’s long-term strategy under the holding company structure, which came into effect following regulatory approval of its reorganization.
Market analysts will closely monitor post-listing activity as Sterling Financial Holdings continues to strengthen its position in Nigeria’s financial services landscape through its commercial banking and non-banking subsidiaries.
