BOC Gases Nigeria Plc has notified Nigerian Exchange Limited (NGX) and the investing public that TY Holdings Limited has acquired additional 249,746,823 ordinary shares in BOC Gases Nigeria Plc, being 60percent of the entire shares in the Company previously owned by BOC Holdings UK (a member of the Linde Group).

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This purchase is in addition to the existing 12percent shares of the Company owned by TY Holdings Limited prior to this transaction bringing the ownership of TY Holdings Limited in BOC Gases Nigeria Plc to 72percent.

This change in the ownership of BOC Gases Nigeria Plc became effective on August 13, 2021. BOC Gases Nigeria Plc assures its esteemed shareholders and the public that the Company will make certain that it sustains the reputation and standing it has built for over the last 62 years.

BOC Gases Nigeria is engaged in the manufacture of industrial and medical gases and the sale of special gases, welding and medical equipment with a network of distributors and agents across the country.

Established in 1989, TY Holdings Limited is a Private Limited Company based in Lagos, with five branches, subsidiaries and associated companies.

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. 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). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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