The capital injection represents a strong vote of confidence in the Company’s long-term growth strategy, operational expansion plans and value creation roadmap. The funding will be treated as a long-term liability in the Company’s balance sheet and may be redeemed at a future date through debt conversion to equity during a public offer or rights issue, subject to applicable approvals.
This development forms part of Zichis Agro Allied Industries Plc’s broader roadmap towards its planned ₦50 billion growth and expansion programme, aimed at strengthening the Company’s integrated agribusiness value chain across feed production, poultry farming, palm cultivation and agro-processing.
The newly injected capital is expected to support the expansion of poultry operations, increase feed mill production capacity, strengthen working capital and accelerate the development of the Company’s newly acquired 2,000-acre palm estate in Ogun State.
The Board and Management remain committed to sustainable growth, corporate governance, transparency, regulatory compliance and long-term shareholder value creation.
Download the full announcement below.