In 1991, the Company shed its private/family company
posture and transformed itself into a Public Limited
Company. In 1994, after an initial Public Offer of its
shares, the Company became the first and only
fully-owned Ghanaian Company to be listed and quoted on
the Ghana Stock Exchange.
In 1996/97, the Company's strong performance led to it
becoming the leading and star performer on the Ghana
Stock Exchange with its shares gaining 270% over the
12-month period to 31st December, 1997.
This achievement contributed to the Company being
awarded the BMW franchise.
In October 1997, a highly successful Renounceable Rights
Issue of shares saw overseas fund managers taking up in
total 18% of the shareholding of the Company thus making
Mechanical Lloyd the first fully Ghanaian-owned company
to attract foreign participation in its ownership.
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