4bn Shares: Mecure Industries targets expansion

The Chairman, Mecure Industries Plc., Mr Samir Udani, has disclosed that the pharmaceuticals and

nutraceuticals company would actualise its expansion plans with the listing of 4,000,000,000

ordinary shares on the Nigerian Exchange Limited (NGX) by introduction at N2.96 per share.

While disclosing this during its Facts Behind the Listing presentation held at the NGX on Wednesday,

Udani noted that the listing is going to get Mecure Industries more visibility and bring responsibility,

and accountability to shareholders and general stakeholders of the company. The Chief Finance

Offi cer/Senior Vice President (Finance), Ifedamola Oluwasegun, who opined that private

expenditure on healthcare in Nigeria was 75 per cent, hinted that the company plans to raise funds via an Initial Public Offer.