Image credit : Austin Laz Company website
Austin Laz & Company Plc will hold an Extraordinary General Meeting virtually on June 18, 2026, to raise additional capital of up to N2,100,000,000.00 (Two Billion, One Hundred Million Naira).
Chukwudi Offor, company secretary, disclosed this in a notice to Regulatory Authorities including, the Securities and Exchange Commission and the Nigerian Exchange Limited(NGX).
Offor stated that the new shares will be raised at a price of N5.00 per Share through Private Placement or Business Combination or Merger or Hybrid, ranking pari passu in all respects with the existing ordinary shares of the Company.
He explained that the Board of Dorectors will negotiate, finalize, and approve the list of potential investors in the mode as determined.
Meanwhile, Austin Laz & Company Plc is a Nigerian engineering and manufacturing conglomerate. They specialize in producing industrial ice block machines, refrigerators, air conditioners, aluminum roofing sheets, and thermoplastic products like coolers.
Their commercial equipment is widely used across Nigeria for cold storage and events.
