Capital

AIICO Lists 4.4bn Shares Arising from Placement to LeapFrog III Nigeria Insurance Holdings

Babatunde Fajemirokun

February 21, 2020/NSE

4,400,000,000 ordinary shares of 50 kobo each of AIICO Insurance Plc (AIICO Insurance or the Company) were on Wednesday, 19 February 2020, listed on the Daily Official List of The Nigerian Stock Exchange (The Exchange).

The additional shares listed on The Exchange arose from AIICO Insurance’s placement of 4,400,000,000 ordinary shares of 50 kobo each at N1.20 kobo per share to LeapFrog III Nigeria Insurance Holdings Limited.

With this listing of the additional 4,400,000,000 ordinary shares, the total issued and fully paid up shares of AIICO Insurance Plc has now increased from 6,930,204,480 to 11,330,204,480 ordinary shares of 50 kobo each.

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