Morison Industries Plc has successfully raised N502.2 million in new equity funds to reposition its operations.
The health care company had late last year launched the new capital raising funds through new share sale to existing shareholders. It offered a rights issue of 836.98 million ordinary shares of 50 Kobo each at 60 Kobo per share on the basis of 11 new ordinary shares for every two ordinary shares of 50 Kobo held as at August 25, 2017.
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GTI Securities Limited acted as the stockbroker to the supplementary share issuance while GTI Capital Limited was the issuing house.
Both GTI Securities and GTI Capital are members of the GTI Group-a leading financial services group that owns the largest private trading floor in Sub Saharan Africa.
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