Regency Alliance Insurance proposes 4 for 5 bonus issue to shareholders

Regency Alliance Insurance Plc has notified the Nigerian Exchange and the investing public of the proposed bonus issue of 4 units of shares for every 5 units held by shareholders

The Company stated that in the recent meeting by its Board of Directors, the following resolutions were made:

• That the Audited Financial Statement of the Company for year ended 31 December 2023 is approved
• That a bonus of 4 units of shares for every 5 units held by shareholder on the Register of shareholders.
• The Management is hereby authorised to submit the Audited Financial Statement for the year ended 31 December 2023 to the National Insurance Commission for approval.
• That the Unaudited Financial Statement for the First Quarter ended 31^st March 2024 and the Second Quarter ended 30^th June 2024 are approved.