|End-of-day quote - 05/05|
AIICO Insurance : to Raise Share Capital to N20 Billion
|12/16/2020 | 04:06am|
The company, also said it has secured its shareholders' nod for the declaration of one bonus share for every eight ordinary shares held by existing shareholders of the company, effective from
This is payable from retained earnings and one bonus share for every five ordinary shares held by existing shareholders as at
The Chairman, Mr.
He assured them of the board's commitment to continue to steer the affairs of the company on the path of continuous and sustainable progress, irrespective of daunting macro-economic challenges.
The Managing Director and Chief Executive Officer, Mr.
"There are no doubts that we have made some giant strides along this path. Beyond just meeting the requirements, we have seen the potentials and value this exercise brings and have positioned ourselves to take full advantage for value creation, both in the short and long term. AIICO will emerge stronger and with greater capacity to underwrite more risks", he said.
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