Presco Plc Expands Share Capital After Rights Issue
Presco Plc has officially listed additional shares on the Nigerian Exchange (NGX), following the successful completion of its recent rights issue. This move increases the company’s total number of outstanding shares and strengthens its capital base.
What Exactly Happened?
On Friday, 30 January 2026, the NGX approved and listed 166,666,667 new ordinary shares of Presco Plc, each with a nominal value of 50 kobo.
These new shares did not come from nowhere—they were issued through Presco’s Rights Issue, which allowed existing shareholders to buy more shares at a fixed price.
Key Details of the Rights Issue
Issue price: ₦1,420 per share
Offer structure: 1 new share for every 6 shares already held
Qualification date: Close of business on Monday, 13 October 2025
Only shareholders who held Presco shares as of that date were eligible to participate in the offer.
Impact on Presco’s Share Capital
Before this supplementary listing:
• Presco had 1,000,000,000 ordinary shares in issue.
After the new shares were listed:
• Total issued and fully paid-up shares increased to
1,166,666,667 ordinary shares
This means Presco’s share base has expanded by about 16.7% .
What This Means for Investors
✅ Stronger balance sheet: The rights issue likely provided fresh capital for expansion, operations, or debt management.
✅ Higher share count: Existing shareholders may see some dilution if they didn’t participate in the rights issue.
✅ More liquidity: More shares on the NGX can improve trading activity over time.
✅ Long-term signal: Companies typically raise capital this way when planning growth or strengthening operations .
Bottom Line
Presco Plc has successfully concluded its rights issue and completed a supplementary listing, increasing its issued share capital and reinforcing its financial position. Investors should now watch how efficiently the newly raised funds are deployed and how this translates into earnings growth ✨.
Presco Plc has officially listed additional shares on the Nigerian Exchange (NGX), following the successful completion of its recent rights issue. This move increases the company’s total number of outstanding shares and strengthens its capital base.
What Exactly Happened?
On Friday, 30 January 2026, the NGX approved and listed 166,666,667 new ordinary shares of Presco Plc, each with a nominal value of 50 kobo.
These new shares did not come from nowhere—they were issued through Presco’s Rights Issue, which allowed existing shareholders to buy more shares at a fixed price.
Key Details of the Rights Issue
Issue price: ₦1,420 per share
Offer structure: 1 new share for every 6 shares already held
Qualification date: Close of business on Monday, 13 October 2025
Only shareholders who held Presco shares as of that date were eligible to participate in the offer.
Impact on Presco’s Share Capital
Before this supplementary listing:
• Presco had 1,000,000,000 ordinary shares in issue.
After the new shares were listed:
• Total issued and fully paid-up shares increased to
1,166,666,667 ordinary shares
This means Presco’s share base has expanded by about 16.7% .
What This Means for Investors
✅ Stronger balance sheet: The rights issue likely provided fresh capital for expansion, operations, or debt management.
✅ Higher share count: Existing shareholders may see some dilution if they didn’t participate in the rights issue.
✅ More liquidity: More shares on the NGX can improve trading activity over time.
✅ Long-term signal: Companies typically raise capital this way when planning growth or strengthening operations .
Bottom Line
Presco Plc has successfully concluded its rights issue and completed a supplementary listing, increasing its issued share capital and reinforcing its financial position. Investors should now watch how efficiently the newly raised funds are deployed and how this translates into earnings growth ✨.