August 18, 2025
Industrial & Medical Gases Plc has announced a N6.39 billion rights issue, giving existing shareholders the opportunity to subscribe to additional shares and expand their equity in the company.
The company stated that the offer would run for a designated period, allowing shareholders ample time to participate. Funds raised from the exercise are expected to reinforce the company’s balance sheet, support expansion projects, and enhance operational capacity across its industrial and medical gas production facilities.
Analysts note that the rights issue aligns with the company’s strategy to sustain growth amid increasing domestic demand in healthcare, manufacturing, and energy sectors. By bolstering capital, Industrial & Medical Gases aims to maintain competitiveness and meet the rising needs of Nigeria’s industrial gas market.
Investors have been advised to carefully review the subscription terms, including allocation rights and pricing, to make informed decisions. The company reaffirmed its commitment to transparency and timely communication throughout the capital-raising process.
