Sunu Assurances Nigeria Plc said its private placement exercise was 100 per cent subscribed.
The Managing Director of Sunu Assurances Nigeria Plc, Mr Samuel Ogbodu, in a statement on Saturday disclosed that the Company’s private placement exercise was 100 per cent subscribed.
He said the private placement exercise of 3,010,800,000 ordinary shares of 50 kobo each at N1.00 per share, with respect to the private placement memorandum on January 4, 2021 was successful.
The managing director said a total of two applications for 3,010,800,000 ordinary shares were received in connection with the private placement.
He said all the two applications for 3,010,800,000 ordinary shares were found to be valid, accepted and processed accordingly.
He noted that the Securities & Exchange Commission had cleared the Basis of Allotment, adding that the Central Securities Clearing System accounts of successful allotees would be credited with shares allotted by the registrars to the issue, Crescent Registrars Limited.