AIICO Insurance Plc has through its Stockbroker, Magnartis Finance and Investment Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Four Billion, Three Hundred and Fifty-Seven Million, Seven Hundred and Seventy Thousand, Nine Hundred and Fifty Four (4,357,770,954) ordinary shares of Fifty Kobo (N0.50) each at Eighty Kobo (N0.80) per share, on the basis of five (5) new ordinary shares for every thirteen (13) ordinary shares held.

The Qualification Date for the Rights Issue is today Monday, 15 June 2020.

SOURCE:https://brandspurng.com/2020/06/15/aiico-insurance-plc-submits-application-for-approval-and-listing-of-a-rights-issue/