Addition shares valued at N5.812 billion of Industrial and Medical Gases Plc have been listed on the Nigerian Exchange (NGX) Limited.
These stocks were from the rights issue of the company, which recorded a 90.9 per cent subscription rate.
Business Post reports that the total number of equities of the organisation listed on the NGX were 181,621,214 units at a unit price of N32.00, amounting to N5.812 billion.
It was from the rights issue of 199,797,458 ordinary shares of 50 Kobo each at N32.00 per share on the basis of two new ordinary shares for every existing five ordinary shares held as at the close of business on Wednesday, May 21, 2025.
They were brought to the stock market on Tuesday, December 2, 2025, according to notice from the bourse.
“Trading licence holders are hereby notified that additional 181,621,214 ordinary shares of 50 Kobo each at N32 per share of Industrial and Medical Gases Plc were on Tuesday, December 2, 2025, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares listed on NGX arose from the company’s rights issue of 199,797,458 ordinary shares of 50 Kobo each at N32 per share.
“With the listing of the additional 181,621,214 ordinary shares, the total issued and fully paid-up shares of IMG Plc have now increased from 549,443,012 to 731,064,226 ordinary shares of 50 Kobo each,” the notice disclosed.