AustinLaz & Firm Plc has disclosed that its Chief Government Officer and main shareholder, Asimonye Austin Lazarus Azubuike, offered 52,238,727 shares valued at N227.7 million.
The sale was disclosed in a director’s dealings submitting submitted to the Nigerian Trade (NGX) and signed by the corporate secretary, Ifeanyi Offor & Associates.
In line with the submitting, the transaction, recognized by code NGAUSTINLAZ9, was carried out in 11 tranches between 19 December 2025 and 6 January 2026 on the NGX.
The disclosure comes after a powerful 12 months for AustinLaz shares in 2025, when the inventory gained 134%, rising from N1.82 at the beginning of the 12 months to shut at N4.25.
What the info is saying
The shares had been offered in 11 separate tranches, with costs starting from N2.42 to N5.64 per share, averaging N4.36 every, for a complete of 52,238,727 models.
Earlier than the sale, Dr Austin Asimonye owned 542,000,000 shares, equal to a 50.19% stake, making him the corporate’s largest shareholder.
After finishing the current transaction, his holdings slipped to 489,761,273 models, decreasing his stake to 45.35% whereas cashing out N227.7 million.
Different vital shareholders with holdings above 5% embrace Arin Labs Int’l Ltd, Unibake Restricted, and Resort Securities Restricted, every holding 100,000,000 models, equal to 9.26% apiece.
Trying on the firm’s efficiency, AustinLaz delivered its strongest annual inventory progress in 2025 on NGX, returning 134%, with over 104 million shares traded in the course of the 12 months.
Nevertheless, current promoting has dragged AustinLaz shares down 6.35% to N3.98 as of 16 January 2026, seemingly presenting a possible entry level for value-focused buyers.
Extra on AustinLaz’s financials and efficiency
For the nine-month interval ended September 2025, the corporate reported no income, in contrast with N872.9 million recorded within the prior 12 months from its aluminum and ice plant segments.
Administrative bills stood at N11.1 million, leading to a pre-tax lack of N11.1 million, in contrast with a revenue of N1.01 million within the corresponding interval of the earlier 12 months.
Regardless of weak working efficiency, the steadiness sheet confirmed enchancment, with whole property of N1.4 billion, largely comprising property, plant, and gear.
On the fairness aspect, the corporate rebounded to retained earnings of N39 million, in contrast with a lack of N468.2 million in the identical interval of the prior 12 months.
A good portion of the inventory’s 2025 rally got here in December, when shares surged over 80% from the November low of N2.36 to above N4.00, regardless of muted nine-month efficiency.
Why this issues
The CEO’s partial divestment follows a pointy run-up in AustinLaz shares, suggesting profit-taking after the inventory’s best-ever annual efficiency.
Whereas the current sell-off has pressured the share value, it has additionally created a pullback that would appeal to value-oriented buyers.
The transaction additionally barely reduces insider focus, growing the free float whereas protecting the CEO firmly in management with a forty five.35% stake.
What it is best to know
AustinLaz & Firm Plc manufactures and sells ice block machines and aluminum long-span roofing sheets in Nigeria.
Its merchandise embrace thermoplastic coolers and heaters, ice cream machines, PVC home windows and doorways, metrotile and glazed roofing, automated direct-freeze machines, and disposable plates, spoons, and cups for industrial use.
The corporate was integrated in 1982 and is headquartered in Benin Metropolis, Nigeria.
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