Chams HoldCo’s ₦7.65 Billion Rights Issue: Powering Africa’s Digital Identity and Payment Revolution

Chams Holding Company Plc is set to undertake a significant rights issue involving the offer of 2,348,030,000 ordinary shares at 50 kobo each, priced at ₦1.70 per share. This rights issue aims to raise approximately ₦3.99 billion as part of a broader capital raising program totaling ₦7.65 billion, which also includes a ₦3.66 billion private placement to selected investors. The rights issue will allow existing shareholders to buy one new share for every two shares held as of June 16, 2025. The subscription period opens on August 8, 2025, and closes on September 12, 2025.

This capital raising initiative is central to Chams HoldCo’s strategic transformation, with proceeds earmarked to enhance capital adequacy, reduce financial leverage, and improve liquidity. Crucially, the funds will support scaling up the production of EMV and biometric cards, as well as expanding the company’s digital identity, secure payment, and verification solutions across West and Central Africa. The move is not only about capital infusion but is also designed to build long-term investor confidence and regional market presence, aiming to position Chams as a leader in Africa’s certified card manufacturing and fintech space