AIICO Insurance Plc (the Company) wishes to notify The Nigerian Stock Exchange, its shareholders and the investing public that at the Company’s Board of Directors’ meeting held on May 12, 2020 the following resolutions were considered and approved:
- That the ratio of the proposed Rights Issue shall be 5 new shares for every 13 shares held and;
- Declaration of Bonus shares of 1 new share for every 5 shares held, to be proposed at the Company’s next Annual General Meeting, for the period ended 31 December 2019. The company did not propose any dividend.
The qualification date is 25 June 2020. The company is yet to communicate the date of the Annual General Meeting as well as the offer price for the rights issue.
Update
The Qualification date for the bonus share has been changed to Wednesday 23rd September 2020.
The Register of Shareholders will be closed from Thursday, 24th September 2020 to Tuesday, 29th September 2020.
Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, complete and submit to the Registrar or their respective Banks.
The qualification date for the rights issue was on Monday 15 June, 2020
The current price of AIICO Insurance Plc share is N0.97. The 52 week high price is N1.20 and the 52 week low price is N0.60.
The company will hold it’s Annual General Meeting on Wednesday, 30th September 2020.
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The company is into the business of Provision of Insurance Services to Individuals and Corporate clients and Investment.
It has market capitalization of N12,576,526,972.80 and outstanding shares of 11,330,204,480
Written by
Ifunanya Ikueze
