Listing FAQs Product FAQs Solutions FAQs

Listing FAQs

What is a Listing by Introduction?

A Listing by Introduction means that all the issued and fully paid-up shares of Me Cure Industries Plc (‘the Company’’ or ‘MeCure Industries’) will be listed on the Standard Segment of the Growth Board of NGX Exchange without any additional shares being issued. From this point, all MeCure Industries’ shareholders will be able to trade their shares on the Growth Board of NGX Exchange and members of the public can purchase shares in the Company.

How can I find more information about the Listing by Introduction?

Information about the Listing by Introduction can be found on the investor relations section of the MeCure Industries website Click here for more...

Are new shares being issued by MeCure Industries?

No. MeCure Industries is neither issuing new shares nor raising additional capital. The existing shares are only being listed and made available for trading.

How was the listing price determined?

Prior to the Listing by Introduction, there was no public trading market for the ordinary shares of the Company. A valuation analysis and a pricing memorandum were prepared by our financial advisers to provide guidance for the listing price.

Is there a listing approval procedure for the Listing by Introduction?

Yes. The listing approval procedures for a Listing by Introduction are the same as those for Initial Public Offerings and it can be found on the website of the NGX; here.

Is MeCure Industries Plc a public company?

Yes. MeCure Industries Plc (previously called MeCure Industries Limited) was incorporated on March 16, 2005 and became a public company on October 27, 2022.

Does MeCure Industries Plc intend to undertake a share offer in the future?

The Board of MeCure will consider all financing options in line with its strategic objectives and when market conditions are conducive.

How can I find out the price of MeCure’s shares?

You can find out the share price on the Company’s website (www.mecure.com) and daily equity pricelist from stockbrokers.

When can we invest in shares of MeCure Industries?

Once the shares are listed on the standard segment of the Growth Board of NGX Exchange, existing shareholders can trade their shares and prospective investors can buy.

What is the ticker symbol for MeCure Industries Plc on the Growth Board of NGX Exchange?

The Company’s symbol ticker is MECURE.

Do you have a dividend policy and what does it entail?

Payment of dividends is dependent on several key factors, including our future strategic plans and capital expenditure initiatives. The Company will share a dividend policy when available.

Who is MeCure Industries Registrar?

Cordros Registrar provides registrar services to MeCure Industries Plc.

Is Cordros regulated by an independent body?

Cordros is licensed and monitored by the Securities and Exchange Commission (SEC). If you have any enquiries regarding your MeCure share records or future corporate actions, please send an email to [insert email of registrar] and the Registrar will address your concerns accordingly.

Buying, Selling or Transferring Shares

What is a share?

A share represents part ownership in a company. A shareholder of a public company may enjoy dividends from the company’s profits, participate in its share price performance, and have the right to vote at its shareholder meetings.

As a shareholder, you are one of the owners of the company and the number of shares you hold, in proportion to the total number of the Company’s issued shares, is a measure of how much of the company you own.

How do I buy or sell shares?

You can buy or sell shares of MeCure Industries Plc through the service of a stockbroker.

I have bought/sold shares recently but there is no change to my CSCS account

It takes three days for shares traded on the floor of the NGX Exchange to be settled. If you have bought or sold shares through a stockbroker, this triggers a process at CSCS, to ensure a successful delivery of your shares. On the third day after the trade was done [T+3], CSCS will send instructions to the Registrar to amend their records. This is the date on which shares and money are exchanged in the market and is known as the ‘settlement date’. If there is still no change to your CSCS account after this day, please contact your Stockbroker for further assistance.

Track & Trace Solution FAQs

What is Track & Trace technology?

Track & Trace in healthcare logistics is the practice of monitoring and tracing the movement of pharmaceutical products throughout the supply chain. This system ensures real-time/ near real-time visibility, enabling efficient regulatory compliance, and rapid response to recalls. Serialization, a pivotal process in healthcare logistics, involves tagging each product with a unique 12-digit serial number. This unique identifier is printed on the product's packaging, forming the basis for precise tracking and tracing throughout the supply chain.

How will Nigeria and its stakeholders benefit?

NAFDAC and GS1 Nigeria are playing a pivotal role to encourage local manufacturers implement Track & Trace program with guidelines/regulations. Their objective is to facilitate the harmonization of critical tracking events and key data elements across the different supply chain entities thus enabling a more transparent healthcare supply chain. The heightened transparency not only aligns with regulatory requirements but also cultivates increased patient trust in the healthcare system.

What are the other benefits of the Track & Trace Solution?

In addition to enhancing supply chain visibility and ensuring product authenticity, the Track & Trace solution also reduces the risk of errors, improves inventory management, and helps in compliance with regulatory requirements while enabling quicker responses to issues such as recalls.

Where has this been implemented in Africa?

Numerous African nations, such as Ghana, South Africa, Uganda, Zambia, and Botswana, are actively working on drafting their traceability strategies and implementing regulatory guidelines to streamline and harmonize their healthcare supply chains.

How is this a solution to fight counterfeiting pharmaceutical drugs?

The global standards followed by this regulation will harmonize data exchange across the different supply chain actors, thus increasing supply chain visibility. This, in turn, reduces the susceptibility of the Nigerian pharma supply chain ecosystem to counterfeit drugs.

How does the solution handle recall or product withdrawals?

In the event of a recall or product withdrawal, the Track & Trace solution allows for rapid identification and isolation of affected items. This helps to minimize the impact on consumers and ensures regulatory compliance.

How is this helpful for pharmacovigilance and post-marketing surveillance?

Track & Trace and serialization are extremely crucial for post-marketing surveillance and pharmacovigilance activities. They help in efficient and precise recall management of affected batches, thus making the Nigerian healthcare landscape nimble in responding to and reporting adverse events and product quality issues, mitigating patient risks in the process.

How does the solution ensure data security and integrity?

The solution has been implemented with robust security measures, including encryption, authentication, and access controls, to ensure the security and integrity of the tracked data. To reinforce this, periodic audits and compliance checks will be conducted to maintain data quality.

MeCure's role in spearheading Track & Trace?

MeCure, a leading Nigerian pharmaceutical manufacturer, demonstrated its ongoing commitment to NAFDAC, by compliance towards patient safety and enhancing industry standards in the Nigerian pharmaceutical landscape by releasing Track & Trace enabled brands into the market that can be authenticated by a smartphone.

How can I access the Track & Trace information for a product I purchased?

You can access the Track & Trace information by scanning the unique code provided on the product packaging using the designated mobile application by following the prompted steps on your phone.

What device do I require to access Track & Trace program by MeCure?

All you need is a smartphone.

What information will I be able to see through the Track & Trace solution by MeCure?

The Track & Trace solution provides information on the pack origination and the quality report of the batch. It also encourages you to share any feedback on the product and adverse effects, if any, directly to the manufacturer.

Can I access the Track & Trace system before purchasing a product to verify its authenticity?

Yes, you can! We advise the use of the Track & Trace solution to verify the authenticity of product before purchase.

Do I need to register or create an account to use the Track & Trace solution as a consumer?

Registration is not mandatory for basic access.