Nigeria, May 7 -- Legend Internet Plc has taken a significant step in solidifying its position on the Nigerian Exchange (NGX) by confirming compliance with the mandatory 20% free float requirement.

This move is pivotal in securing its listing status on the NGX Main Board and supporting the company's broader ambitions in Nigeria's fast-evolving digital infrastructure market.

In a regulatory disclosure submitted to the NGX on May 6, 2025, and signed by the company's secretary, Erinma Ogburafor, Legend Internet affirmed that it had successfully made enough of its issued shares available to meet the 20% free float threshold. This requirement, laid out in Rule 3.14 of the NGX Rulebook, ensures that a sufficient portion of a company's shares ...