Industrial & Medical Gases Nigeria Plc (IMG) has received shareholder approval to raise N6.5 billion through a rights issue, as part of a broader plan to strengthen its capital base and scale up operations.
The approval was granted at the company’s Annual General Meeting (AGM) in Lagos, where other key proposals were also accepted.
At the meeting, shareholders endorsed a dividend of 80 kobo per share, along with a bonus issue of one ordinary share of 50 kobo for every 10 held, rewarding long-term investors.
