Presco Plc Rights Issue Records 103% Subscription

Presco Plc has announced the successful completion of its Rights Issue, which recorded an impressive 103% subscription level, reflecting strong shareholder participation and an overwhelming confidence in the Company’s strategic direction and long-term growth outlook.

The Rights Issue attracted demand in excess of the offer size, underscoring sustained investor appetite for Presco Plc’s equity and a clear willingness by shareholders to increase their investment in the business.

The oversubscription is particularly noteworthy in a cautious capital-market environment characterised by tightening liquidity and selective investor participation. Against this backdrop, Presco Plc’s ability to exceed its offer size highlights the depth of confidence it continues to command among institutional investors, pension fund administrators, and retail shareholders.