LASACO ownership structure shifts after N18.5bn rights issue
AI Executive Briefing
Verified Synthesis~38s readConsequently, the two investors now control 17.72 billion shares, representing 87.21 per cent of LASACO’s expanded share capital, compared with 70.58 per cent at the end of 2025, when their combined holdings stood at 7.82 billion shares. Canon Properties also raised its ownership from 24.66 per cent to 36.21 per cent during the period.
Context & Background
- ✦Details contained in LASACO’s nine-month financial statements showed that Ibile Holdings increased its stake from 45.93 per cent at the end of December 2025 to 51 per cent as of 30 September, 2026.
Key Figures & Named Entities
2025:Details contained in LASACO’s nine-month financial statements showed that Ibile Holdings increased its stake from 45.93 per cent at the end of December 2025 to 51 per cent as of 30 September, 2026.2025:Consequently, the two investors now control 17.72 billion shares, representing 87.21 per cent of LASACO’s expanded share capital, compared with 70.58 per cent at the end of 2025, when their combined holdings stood at 7.82 billion shares.2026:The change in ownership followed LASACO’s rights issue, which added 9.24 billion shares to its issued capital, taking the total to 20.32 billion shares as of September 2026.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Consequently, the two investors now control 17.72 billion shares, representing 87.21 per cent of LASACO’s expanded share capital, compared with 70.58 per cent at the end of 2025, when their combined holdings stood at 7.82 billion shares.
- Canon Properties also raised its ownership from 24.66 per cent to 36.21 per cent during the period.
- Details contained in LASACO’s nine-month financial statements showed that Ibile Holdings increased its stake from 45.93 per cent at the end of December 2025 to 51 per cent as of 30 September, 2026.
Key Facts:2025: Details contained in LASACO’s nine-month financial statements showed that Ibile Holdings increased its stake from 45.93 per cent at the end of December 2025 to 51 per cent as of 30 September, 2026.2025: Consequently, the two investors now control 17.72 billion shares, representing 87.21 per cent of LASACO’s expanded share capital, compared with 70.58 per cent at the end of 2025, when their combined holdings stood at 7.82 billion shares.2026: The change in ownership followed LASACO’s rights issue, which added 9.24 billion shares to its issued capital, taking the total to 20.32 billion shares as of September 2026.2 April: The acceptance period ran from 2 April to 24 April, 2026.
Editorial Excerpt
LASACO Assurance Plc has undergone a significant change in its ownership structure after an N18.47bn rights issue, which strengthened the financial
Frequently Asked Questions About This Story
What is the latest development regarding Lagos State?
Consequently, the two investors now control 17.72 billion shares, representing 87.21 per cent of LASACO’s expanded share capital, compared with 70.58 per cent at the end of 2025, when their combined holdings stood at 7.82 billion shares.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Lagos State.
What timeline or key figures were confirmed?
Details contained in LASACO’s nine-month financial statements showed that Ibile Holdings increased its stake from 45.93 per cent at the end of December 2025 to 51 per cent as of 30 September, 2026.
