Shareholders of Nigeria’s leading fully integrated edible oils and fats company, Presco Plc, recently increase their investment in the business by oversubscribing its N236.67 billion rights issue.
The exercise, which commenced on November 12, 2025, and ended on December 2, 2025, witnessed a subscription rate of 103 per cent.
The strong participation of investors in the rights issue demonstrated an overwhelming confidence in the organisation’s strategic direction and long-term growth outlook.
Business Post reports that the firm offered to shareholders a total of 166,666,667 new ordinary shares at a unit price of N1,420 on the basis of one new share for existing six shares.
Analysts view the strong response as a clear endorsement of Presco’s business fundamentals, disciplined execution, and strengthened governance.
The outcome reinforces confidence in its operational resilience, integrated business model, and ability to continuously deliver on its commitment to sustainable long-term value.
This is because Presco was able to pull this through amid a cautious capital-market environment characterised by tightening liquidity and selective investor participation.
The rights issue strengthened the organisation’s financial position, providing greater balance-sheet capacity to support business expansion and disciplined strategic execution to help achieve its long-term vision and growth trajectory.
The strong appetite for Presco’s shares also consolidates its standing as a credible and well-regarded issuer within the Nigerian capital market.