Morison Industries Lists 266.838m Shares On NGX After Private Placement

Morison Industries Plc has listed 266.838 million additional ordinary shares on the Nigerian Exchange (NGX) following a private placement.

The shares were priced at N1.50 each, and the listing increases the company’s total issued shares to 1.256 billion. The move aims to enhance liquidity and support the company’s growth plans [1][2].

NGX, in its weekly report, stated that “an additional 266.838 billion ordinary shares of 50 kobo each of Morison Industries Plc were on January 13, 2026, listed on the daily official list of the Exchange.”

It noted that the additional shares listed on NGX arose from the Company’s private placement of 266.838 million ordinary shares of 50 kobo each at N1.50 per share, saying that with the listing of the additional shares, the total issued and fully paid-up shares of Morison Industries have now increased from 989.162 million to 1.256 billion ordinary shares of 50 kobo each.

The Company said it recently raised fresh capital via a private placement, listing over 266 million new shares on the Nigerian Exchange (NGX) to boost its capital base and fund growth, working capital, and operations, signalling confidence from institutional investors and aiming for expansion in the healthcare sector, following a previous rights issue in 2018 for similar purposes.

According to the Company, this move increases their total shares, potentially improving liquidity, while stakeholders focus on how the funds will drive future earnings and strategic growth.

“Morison Industries uses these capital-raising efforts, including private placements and rights issues, to inject funds for growth and operational enhancement in the competitive healthcare market.”

Morison Industries aims to be a leading healthcare company in Nigeria, expanding its reach in pharmaceuticals, hygiene products, and medical equipment distribution.