Industrial & Medical Gases (IMG) Nigeria Plc has secured its shareholders’ approval for a N6.5billion rights issue as they also endorsed N400 million dividend proposed by the company’s board, which translates to 80 kobo per share.
The shareholders also approved a bonus issue of one new Ordinary Share of 50 kobo for every 10 Ordinary Shares held.
Aminu Ado, chairman, Industrial & Medical Gases (IMG) who addressed an Extraordinary General Meeting (EGM) immediately after the company’s 65th Annual General Meeting (AGM) in Lagos, explained that “IMG Board is poised to prioritise capital investments, diversification of market and production expansion, cost efficiency and customer-centric innovation “.
