Presco Plc has secured shareholder approval to raise up to N250 billion in fresh capital through a Rights Issue, marking a significant step in the company’s growth and expansion plans.
The resolution was one of several passed at its Annual General Meeting (AGM) held on 19 August 2025, details of which were disclosed in a filing on the Nigerian Exchange (NGX).
Presco explained that the Rights Issue will be executed through the issuance of ordinary shares, on terms and conditions to be set by the Board.
