Presco Plc has opened Rights Issue of 166,666,667 ordinary shares of N0.50 each at N1,420 per share on the basis of one (1) new ordinary share for every six (6) ordinary shares held as at October 13 2025.
The offer opened on Wednesday, 12 November 2025 and will close on Tuesday, 02 December 2025. The Rights Circular will be distributed to shareholders by the Registrars to the Offer, First Registrars & Investor Services Limited and can also be accessed on the Company’s website https://www.presco-plc.com/
The Rights being offered are tradable on the floor of the NGX for the duration of the Acceptance Period.
Shareholders are encouraged to participate through the NGX Invest platform which can be accessed at https://invest.ngxgroup.com. Shareholders can also participate in the Rights Issue by completing the paper Participation Form. Completed Participation Forms together with payment / evidence of payment for the full amount payable should be submitted no later than Tuesday, 02 December 2025 to any the Issuing Houses or any of the Receiving Agents listed in the Rights Circular.
The Rights Issue provides existing shareholders with the opportunity to increase their equity holdings in the Company, thereby reinforcing their participation and support of Presco’s long-term vision. The capital raised will be directed towards Greenfield and Brownfield acquisitions, some of which are already in their final contractual stages, as well as industrial expansion projects designed to enhance production capacity and reinforce the Company’s leadership in the region’s edible oil industry.