AIICO Insurance Plc has shifted its
annual general meeting (AGM) from September 30 to December 8, 2020. The
underwriting firm disclosed the change in the date of the AGM in a
notification to the
Nigerian Stock Exchange yesterday.
“This change in date is occasioned by
the delay in concluding a number of transactions earmarked as conditions
precedent to the AGM. One of the conditions is(but not limited to)the
conclusion of rights issue to the shareholders of the company which
although has now commenced, was delayed majorly because of the issues
arising from the COVID-19 pandemic,” it said.
AIICO Insurance Plc is currently issuing
4,357, 770,954 ordinary shares of 50 Kobo each at 80 Kobo on the basis
of five new ordinary shares for every 13 ordinary shares to raise about
N3.486 billion.
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