Capital

Consolidated Hallmark Lists 2.03 Billion Rights Issue Additional Shares

Eddie Efekoha, MD/CEO

BY NKECHI NAECHE-ESEZOBOR—An additional 2,032,500,000 ordinary shares of Consolidated Hallmark Insurance (the Company) were on Thursday, 20 August 2020 listed on the Daily Official List of The Nigerian Stock Exchange (The Exchange), BusinessToday has learnt.

The additional shares listed on The Exchange arose from the Company’s Rights Issue of 2,032,500,000 ordinary shares of 50 kobo each at 52 Kobo per share on the basis of 1 new ordinary shares for every 4 ordinary shares held as at 3 February 2020.

The Rights Issue was 100% subscribed. With this listing of the additional 2,032,500,000 ordinary shares, the total issued and fully paid up shares of Consolidated Hallmark Insurance Plc has now increased from 8,672,000,000 to 10,704,500,000 ordinary shares of 50 kobo each.

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