Prestige Assurance Plc has announced its proposed Rights Issue of 13,635,796,006 Ordinary Shares of 50 Kobo Each at 50 Kobo per share on the basis of Thirty-Eight (38) New Ordinary Shares for Fifteen (15) Ordinary Shares Held.
In a statement available on the website of the Nigerian Stock Exchange, the Head of Listings Regulation Department of NSE stated thus:
“Further to our Market Bulletin of 17 March 2020, with reference number: NSE/RD/LRD/MB21/20/03/17, Dealing Members are hereby notified that Prestige Assurance Plc’s Rights Issue of Thirteen 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 Thirty-eight (38) new ordinary shares for every Fifteen (15) ordinary shares held as at 31 January 2020, has opened for subscription”
Acceptance list for the Rights Issue opened on Monday, 10 August 2020 while Acceptance list will close on Thursday, 17 September 2020.