• Thursday, November 14, 2024
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Mecure to list 4bn shares on NGX Main Board at N2.96 per share

AVA global asset managers lists N4.075bn infrastructure fund on NGX

The Nigerian Exchange Limited (NGX)

….will add N11.84bn to market capitalisation

Mecure Industries Limited, a leading human pharmaceuticals and nutraceuticals manufacturing company will list 4 billion ordinary shares on Nigerian Exchange Limited (NGX) by introduction at N2.96 per share.

This is another major listing for NGX in the pharmaceuticals industry as the company will add N11.84billion to the market capitalisation of the Exchange upon its addition to the Main Board. For more than a decade, the Mecure Industries Plc has tapped into the power of new technology and innovation to advance the practice of medicine.

Read also: Airtel pushes NGX ASI above 70,000 mark

MeCure pioneered the development of novel products based on advances in technology and launched the pharmaceutical industry’s first tablet in a capsule formulation called Liquitab Floatcap. Today, as a leading healthcare company serving millions of patients, MeCure continues to be an entrepreneurial, technology‐driven enterprise dedicated to helping people fight everyday illness.

With MeCure listing on the Exchange, NGX further reinforces itself as a platform of choice for corporates looking to raise capital. Already, the Exchange has secured listings from VFD Group, Nigeria Infrastructure Debt Fund (NIDF) and Africa Plus Partners in 2023.

NGX continues to strengthen its value proposition for corporates to consider the Nigerian capital market for their fundraising needs, reinventing itself and maintaining advocacy with policymakers and regulators to make listing in the public markets attractive.

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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