Prestige Assurance Proposes Rights Issue of 13.635bn ordinary shares

Prestige Assurance  Plc has informed the investing public of its proposed rights issue of Thirteen Three Billion, Six Hundred and Thirty-Five Million, Seven Hundred and Ninety-Six Thousand, and Six (13,635,796,006) ordinary shares of 50 kobo each at 50 kobo per share.

In a notice on the website of the Nigerian Stock Exchange, the statement goes thus:

“Further to the Market Bulletin with Reference Number: NSE/RD/LRD/MB07/20/01/31, dated 31 January 2020 on the above subject, Dealing Members are hereby notified of the revised terms to the proposed Rights Issue by Prestige Assurance Plc (the Company).

The revised terms of the Rights Issue are as follows: Thirteen Three Billion, Six Hundred and Thirty-Five Million, Seven Hundred and Ninety-Six Thousand, and Six (13,635,796,006) ordinary shares of 50 kobo each at 50 kobo per Share on the basis of 38 new Ordinary Shares for every 15 Ordinary Shares held as at the close of business on Friday, 31 January 2020.”

 

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