Nexamont Company Limited has expanded its investment in Royal Exchange Plc, now holding a 21.4 percent ownership in the firm. This update was disclosed in a regulatory filing submitted to the Nigerian Exchange Limited by the company’s secretary, OOT Nominees. The acquisition was made through the secondary market.
Previously, Nexamont held a 19.08 percent stake, which amounted to over 1.57 billion shares. The latest transaction increases its holdings to approximately 1.77 billion ordinary shares. Nova Finance Securities Limited, acting as Nexamont’s financial adviser, formally notified Royal Exchange Plc of the acquisition.
In accordance with Rule 17.13 (a), Part II of the Rulebook of the Nigerian Exchange, Royal Exchange Plc confirmed that Nexamont is now a beneficial owner of the shares. The company is linked with several subsidiaries, including REX Insurance (formerly Royal Exchange General Company Limited), Royal Exchange Micro Limited, and DotHMO (formerly Royal Exchange Healthcare Limited).
