SEC Approves SOVEREIGINS Extension of Rights Issue to August 21, 2019

August 20, 2019/NSE

The Securities and Exchange Commission (SEC) has approved a further extension of the offer period of Sovereign Trust Insurance Plc’s Rights Issue of 4,170,411,648 ordinary shares of N0.50 each at N0.50 per share on the basis of one (1) new ordinary share for every two (2) ordinary shares (the Offer) held as at 15 January 2019.

With this SEC’s approval, the Offer initially scheduled to close on Wednesday, 31 July 2019 will now close on Wednesday, 21 August 2019.