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.