Morison Industries Lists N400.3m Private Placement Shares on Customs Street

By Aduragbemi Omiyale

The additional shares sold by Morison Industries Plc through private placement have been listed on the Nigerian Exchange (NGX) Limited.

The additional equities were brought to Customs Street last week, according to a circular issued by the Head of Issuer Regulation Department of the NGX, Mr Godstime Iwenekhai.

The company listed a total of 266,838,125 ordinary shares of 50 Kobo each at N1.50 per unit, amounting to N400.3 million, Business Post reports.

The listing of these new stocks of Morison Industries has increased the fully paid-up shares of the organisation to 1,256,000,000 ordinary shares of 50 Kobo each from 989,161,875 ordinary shares of 50 Kobo each.

“Trading licence holders are hereby notified that additional 266,838,125 ordinary shares of 50 Kobo each of Morison Industries Plc were (on) Tuesday, January 13, 2026, listed on the daily official list of Nigerian Exchange Limited.

The additional shares listed on NGX arose from the company’s private placement of 266,838,125 ordinary shares of 50 Kobo each at N1.50 per share.

“With the listing of the additional shares, the total issued and fully paid-up shares of Morison Industries Plc have now increased from 989,161,875 to 1,256,000,000 ordinary shares of 50 Kobo each,” the disclosure disclosed.