Futureview Asset Management Limited has acquired 126,967,213 unusual shares of Zichis Agro-Allied Industries Plc from Chilla Entertainment Limited, turning into a considerable shareholder with a ten.45% stake within the firm’s issued share capital.
The transaction was disclosed in a notification filed by Zichis with the Nigerian Exchange (NGX) on Monday, November 9, 2026, following its cFutureview Asset Management Limited has acquired 126,967,213 unusual shares of Zichis Agro-Allied Industries Plc from Chilla Entertainment Limited, turning into a considerable shareholder with a ten.45% stake within the firm’s issued share capital.ompletion on November 3.
The acquisition concerned present shares somewhat than a recent issuance, which means the transaction didn’t enhance the corporate’s issued share capital.
Futureview acquires main Zichis stake:
The share switch represents a major possession change involving Chilla Entertainment Limited, considered one of Zichis Agro-Allied Industries’ core promoters.
Nairametrics beforehand reported that Chilla and Winners Investment & Trust Limited had injected N2 billion in non-equity capital into the corporate.
- Futureview Asset Management acquired 126,967,213 unusual shares, representing 10.45% of Zichis’ issued share capital.
- At the November 6 closing worth of N17 per share, the acquired block had an indicative market worth of roughly N2.16 billion.
- Zichis closed buying and selling on November 6 at N17, gaining 2.9% from the earlier worth of N16.52.
- The inventory has appreciated by roughly 754% from its N1.99 closing worth on its January 20 itemizing day, rating second on the NGX by year-to-date efficiency.
- The NGX notification didn’t disclose the consideration paid by Futureview, Chilla’s remaining shareholding or the rationale for the transaction.
- Zichis stated it remained dedicated to transparency, well timed disclosures and compliance with NGX guidelines and the Companies and Allied Matters Act, 2020.
- With roughly 1.2 billion shares excellent, the corporate’s market capitalisation stood at about N20.4 billion on the November 6 closing worth.
Zichis additionally reported a free float of 379.11 million shares, representing 31.59% of its issued share capital, which it stated glad NGX Growth Board necessities.
Zichis revenue rises 179%:
The possession change follows a interval of robust monetary efficiency for Zichis Agro-Allied Industries, with important will increase in income and profitability through the first 9 months of 2026.
Nairametrics beforehand reported that the company’s pre-tax profit increased by 179.21% to N561.32 million for the interval ended September 30, 2026.
- Revenue rose by 162.63% to N1.22 billion through the nine-month interval.
- Total property elevated by 719.36% to N8.71 billion.
- The firm’s reported property included roughly N5 billion in deposits for shares, categorized as a non-current legal responsibility.
- The November 3 transaction concerned solely the switch of shares already in difficulty.
Futureview’s 10.45% holding due to this fact displays the corporate’s disclosed possession place following the transaction, topic to any subsequent modifications in issued share capital or shareholdings.
Zichis expands into oil palm:
Zichis Agro-Allied Industries listed by introduction on the NGX Growth Board on January 20, 2026, earlier than recording substantial share-price appreciation throughout its first months of buying and selling.
On October 27, Nairametrics reported that Zichis had begun acquiring a 221-hectare oil palm plantation from Amandel Nigeria Limited.
- The firm appointed Futureview Financial Services Limited as monetary adviser for the proposed plantation acquisition.
- Shareholders permitted plans in May to increase up to N50 billion via a mix of fairness and debt financing.
- At its September 30 closing worth of N19.90, Zichis valued its free-float shares at roughly N7.54 billion.
- The proposed plantation acquisition represents one other improvement within the firm’s growth plans, whereas the permitted fundraising gives a framework for potential extra financing.
- For shareholders, the most recent transaction introduces a brand new substantial investor with out altering the variety of shares at present in difficulty.
Further developments will rely on subsequent possession disclosures, the progress of Zichis’ proposed acquisition and any implementation of its permitted capital-raising plans.
