Capital

Wapic Submits Application to NSE to List 15.61 Bn Ordinary Shares Rights Issue

September 20, 2019/NSE

Wapic Insurance Plc has through its Stockbroker, Coronation Securities Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Fifteen Billion, Six Hundred and Thirteen Million, One Hundred and Ninety-Four Thousand, Six Hundred and Twenty-Three (15,613,194,623) ordinary shares of Fifty Kobo (N0.50) each at Thirty-Eight Kobo (N0.38) per share, on the basis of seven (7) new ordinary shares for every six (6) ordinary shares held.

The Qualification Date for the Rights Issue was Thursday, 19 September 2019.

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