TOL Gases Rights Issue Oversubscribed at 129.4%, New Shares List on DSE on 17th November 2026
Verified: 2 outlets have reported this story since Nov 11, 2 of them from Tanzania.
Tanzania’s TOL Gases PLC completed its rights issue with a 129.4% oversubscription rate against a TZS 8.16 billion target, allocating applicants 100% of their entitlement and 34.4% of the additional shares requested. Excess monies are refunded on 13 November 2026, and the new shares start trading on the Dar es Salaam Stock Exchange on 17 November 2026.
How sure are we
Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.
Who reported it
2 outlets from Tanzania, where the story is: Daily News, TanzaniaInvest · how we count
- Nov 11, 3:47 PM UTCFirst report· you’re reading thisTOL Gases Rights Issue Oversubscribed at 129.4%, New Shares List on DSE on 17th November 2026tanzaniainvest.com ↗
- Nov 12, 7:56 AM UTC+16 hTOL Gases rights issue oversubscribed by 129pcdailynews.co.tz ↗
- Verified: a second independent outlet reported itNov 12, 7:56 AM UTC · +16 h
[Claude] The outlets differ: Report 2 covers the same TOL Gases rights issue oversubscription with a near-identical 129% figure, but its target (TZS 8.16bn) and the subscriptions figure it implies differ slightly from Report 1's
27m agoScore bands
What moves the score
Not in the score: AI checks and reader flags. Verified is separate: two or more independent outlets and a score of at least 65%.
High · How we score this