Learn Africa Plc recently announced the issuance of an additional 96,431,250 ordinary shares at a price of N0.50k each, resulting in an increase of its share capital from N771.45 million to N867.88 million. This decision followed a recent board of directors meeting and was disclosed in a filing with the Nigerian Exchange Limited.

Consequently, Learn Africa Plc amended its Memorandum of Association to reflect a revised share capital structure of N433.94 million, divided into 867,881,250 ordinary shares priced at N0.50k each.

Learn Africa Plc emphasized that this strategic initiative not only rewards existing shareholders but also aims to strengthen investor confidence and support the company’s long-term growth objectives. The adjustment aligns the company’s legal framework with its enhanced financial structure, ensuring compliance with regulations and clarity in operations going forward.

By increasing its share capital through the issuance of new shares, Learn Africa Plc positions itself for future expansion and investment opportunities in Nigeria’s dynamic market environment.