Access Holdings PLC to Raise N40 Billion in Private Placement Approval

Access Holdings PLC (NGX: ACCESSCORP) has obtained shareholder approval to raise N40 billion through a private placement, with new ordinary shares to be issued at N20.25 per share. The approval was granted during the Extraordinary General Meeting held on December 18.

The company's board will determine the terms and conditions, potential investors, valuation, and timeline for the private placement. Iheanyi Nwachukwu, a seasoned journalist and content writer, holds key roles in the company.