NGX Lists Mutual Benefit Assurance Additional 8.89 Billion Ordinary Shares Arising from Private Placement

BusinessToday—Trading License Holders and the Investing Public are hereby notified that additional 8,888,888,889 ordinary shares of 50 kobo each of Mutual Benefits Assurance Plc (Mutual Benefits or the Company) were on Monday, 28 June 2021, listed on the Daily Official List of the Nigerian Exchange Limited (NGX).

The additional shares listed on NGX arose from Mutual Benefits’ private placement of 8,888,888,889 ordinary shares of 50 kobo each at N0.54 per share to Charles Enterprise LL.C and Arubiewe Farms Limited.

With this listing of the additional 8,888,888,889 ordinary shares, the total issued and fully paid-up shares of Mutual Benefits Assurance Plc has now increased from 11,172,733,508 to 20,061,622,397 ordinary shares of 50 kobo each.