Sunu Assurances Nigeria completes share capital reconstruction

The market has been notified of the completion of the share capital reconstruction of Sunu Assurances Nigeria Plc.

According to NSE bulletin of 19 October 2020 with reference number: NSE/RD/LRD/MB58/20/10/19, the Market was notified that trading in the shares of Sunu Assurances Nigeria Plc was placed on full suspension effective Monday, 19 October 2020 as a result of the Company’s proposed share capital reconstruction.

Dealing Members are hereby notified that the full suspension placed on trading in the Company’s shares was lifted on Tuesday, 3 November 2020 following the completion of the share capital reconstruction.

Subsequently, Sunu Assurances’ entire issued share capital of 14,000,000,000 ordinary shares of 50 Kobo each prior to the share capital reconstruction was delisted from the Nigerian Stock Exchange’s Daily Official List, while the 2,800,000,000 ordinary shares of 50 Kobo each arising from the share capital reconstruction were listed on the Exchange’s Daily Official List on the same day. With the completion of the Company’s share capital reconstruction, the total issued and fully paid up shares of Sunu Assurances Nigeria Plc has now reduced from 14,000,000,000 to 2,800,000,000 ordinary shares of 50 kobo each.

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