Industrial and Medical Gases Plc (IMG Plc) has expanded its share capital following the itemizing of 181,621,214 unusual shares of fifty Kobo every on the Nigerian Trade Restricted (NGX).
The NGX confirmed that the extra shares had been admitted to the Every day Official Checklist on Tuesday, December 2, 2025, after the corporate accomplished its Rights Difficulty of 199,797,458 unusual shares priced at N32 per share.
The rights provide, structured on the premise of two new unusual shares for each 5 unusual shares held as on the shut of enterprise on Wednesday, Might 21, 2025, recorded a 90.9% subscription price, ensuing within the issuance and subsequent itemizing of 181.62 million shares.
Following this itemizing, IMG Plc’s complete issued and totally paid-up shares have elevated from 549,443,012 models to 731,064,226 unusual shares of fifty Kobo every, strengthening the corporate’s fairness place and offering extra capital to assist its operations within the industrial and medical fuel market.
The replace displays the corporate’s ongoing efforts to bolster its capital base and improve shareholder worth by way of structured fairness financing.
