Ellah Lakes Plc has announced that the Securities and Exchange Commission (SEC) has approved an extension of the subscription period of its ongoing public offer, citing heightened investor interest and growing market participation.
The company is currently floating 18.8 billion ordinary shares of 50 kobo each at ₦12.50 per share, representing one of the largest equity offerings in Nigeria’s agribusiness sector.
According to the company in a statement released on Friday, “the Offer, which opened on Monday, 10 November 2025 and was initially scheduled to close on Friday, 5 December 2025, will now remain open until Friday, 19 December 2025.”
The company said the decision to extend the window reflects the surge in investor appetite and aligns with its mission to deepen stakeholder participation in its expansion drive.
Ellah Lakes stated that the extension *“follows rising investor interest, reflecting Ellah Lakes’ commitment to enabling broad participation in one of the largest equity offerings in Nigeria’s agribusiness sector.
This additional window is designed to accommodate the growing appetite for the Offer and further underscores the Company’s confidence in its’ long-term growth strategy, as well as its’ dedication to allowing more stakeholders to participate in shaping the future of food security across Africa.”
The agribusiness firm emphasised that keeping the offer open for an additional two weeks will ensure that interested investors are not left out of the opportunity to support the company’s mission.
In its statement, the company added: “Ellah Lakes notes that extending the Offer period will allow more investors to participate in the Company’s growth journey as it accelerates scale, enhances food security and delivers sustainable long-term value for all stakeholders.”
Ellah Lakes urged potential subscribers yet to complete their applications to take advantage of the new deadline, saying: “The Company encourages all prospective investors who have not yet subscribed to take advantage of the extension by completing their applications either through the NGX Portal, or by downloading and completing the Commitment Form available on the Company’s website for submission through their stockbroker.”
The offer remains open until December 19, 2025, giving the investing public additional time to participate in a transaction the company says will play a critical role in strengthening food production and agribusiness capacity across the continent.
Ellah Lakes Plc closed Friday’s trading session at ₦13.68 per share, marking a 4.1% increase from its previous close of ₦13.14 and capping off an extraordinary year of growth on the Nigerian Stock Exchange (NGX).
The aquaculture company has delivered remarkable returns to investors in 2025, with its share price surging 333% from its opening price of ₦3.16 at the start of the year. This stellar performance places Ellah Lakes as the fifth-best-performing stock on the NGX in terms of year-to-date gains.
The company’s upward trajectory shows no signs of slowing, with shares gaining 16% over the past four weeks alone — the sixth-best performance on the exchange during that period. This sustained momentum suggests growing investor confidence in the company’s prospects.
Trading data reveals significant market interest in Ellah Lakes, with the stock ranking as the 13th most actively traded on the NGX over the past three months (September 9 to December 5, 2025). During this period, the company recorded:
Total trading volume: 810 million shares
Number of deals: 31,969 transactions
Total value traded: ₦10.8 billion
Average daily volume: 12.9 million shares
The stock experienced its highest single-day volume of 82.7 million shares on November 28, while recording its lowest volume of 3.12 million shares on November 6 during the same three-month window.
The exceptional performance of Ellah Lakes reflects broader investor appetite for agricultural and aquaculture stocks in Nigeria’s equity market. The company’s consistent gains and high trading volumes indicate strong liquidity and sustained investor interest.
Shareholders will be encouraged by the stock’s steady climb and its position among the top performers on the exchange, though market analysts typically caution that past performance does not guarantee future returns.
As trading continues into the final weeks of 2025, market watchers will be keen to see whether Ellah Lakes can maintain its impressive momentum heading into the new year.
