Presco Plc has announced the commencement of its Rights Issue of 166,666,667 ordinary shares of ₦0.50 each at ₦1,420 per share, on the basis of one (1) new ordinary share for every six (6) ordinary shares held as of October 13, 2025.
The offer which opened today, Wednesday, November 12, 2025, will close on Tuesday, December 2, 2025.
According to the Company, the Rights Circular will be distributed to shareholders by the Registrars to the Offer, First Registrars & Investor Services Limited, and will also be available for download on the Company’s website at www.presco-plc.com.
Presco further disclosed that the rights being offered will be tradable on the floor of the Nigerian Exchange Limited (NGX) throughout the acceptance period, allowing eligible shareholders the option to trade their rights.
The Rights Issue forms part of Presco’s ongoing efforts to strengthen its capital base and support future expansion in the oil palm and agro-industrial sectors.
