STERLING HOLDCO Commences ALLOTMENT OF PUBLIC OFFER SHARES … ACHIEVES 109.8% SUBSCRIPTION
PRESS RELEASE Sterling HoldCo Commences Allotment of Public Offer Shares … Achieves 109.8% Subscription Lagos, Nigeria: Sterling Financial Holdings Company Plc ("Sterling HoldCo" or "the Group") has announced the commencement of the allotment process for its 2025 Public Offer of 12,581,000,000 ordinary shares of 50 kobo each at ₦7.00 per share. This follows the earlier receipt of final approval from the Central Bank of Nigeria (CBN) and the recent clearance by the Securities & Exchange Commission. The allotment process, which begins immediately, marks the continuation of a disciplined, multi-year capital-raising programme that has positioned the Group as one of the fastest-growing financial institutions in the region. The Public Offer, which opened on September 15, 2025, attracted strong participation from the investing public, with the Company receiving 18,280 applications for 16,839,524,401 ordinary shares valued at approximately ₦117.88 billion. Following...