Industrial and Medical Gases Plc (IMG Plc) has expanded its share capital following the listing of 181,621,214 ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX).
The NGX confirmed that the additional shares were admitted to the Daily Official List on Tuesday, December 2, 2025, after the company completed its Rights Issue of 199,797,458 ordinary shares priced at N32 per share.
The rights offer, structured on the basis of two new ordinary shares for every five ordinary shares held as at the close of business on Wednesday, May 21, 2025, recorded a 90.9% subscription rate, resulting in the issuance and subsequent listing of 181.62 million shares.
Following this listing, IMG Plc’s total issued and fully paid-up shares have increased from 549,443,012 units to 731,064,226 ordinary shares of 50 Kobo each, strengthening the company’s equity position and providing additional capital to support its operations in the industrial and medical gas market.
The update reflects the company’s ongoing efforts to reinforce its capital base and enhance shareholder value through structured equity financing.
