BY NKECHI NAECHE-ESEZOBOR—Sunu Assurances Nigeria Plc on Wednesday announces the result of 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 dated Monday, January 4, 2021.A total of two (2) applications for 3,010,800,000 ordinary shares were received in connection with the Private Placement.
According to a notice released by the insurer, all the two (2) applications for 3,010,800,000 ordinary shares were found to be valid, accepted and processed accordingly.
The Private Placement exercise is therefore 100% subscribed.
The breakdown of the allotment is provided below:
The Securities & Exchange Commission has cleared the Basis of Allotment stated above as well as this announcement.
CSCS accounts of successful allotees will be credited with shares allotted not later thaFnriday, February 12, 2021 by the Registrars to the Issue, Crescent Registrars Limite,d 23, Olusoji Idowu Street, Ilupeju, Lagos.
