Legend Internet Plc has announced that its shareholders have approved plans to raise up to N150 billion in additional capital at the company’s 2nd Annual General Meeting held in Abuja on 7th November 2025.
The company had earlier announced plans to raise capital through a mix of debt and equity to fund its nationwide expansion, following its April 2025 listing on the Nigerian Exchange (NGX)
In a recent disclosure filed on 11th November, following the meeting, the board stated that shareholders also approved a resolution to increase the company’s share capital by up to 10 billion ordinary shares, ranking pari passu with the existing shares.