SEC Approves Prestige Assurance Plc’s Bonus Issues of 41 For Every 100 Shares Held


Wednesday, November 14, 2018 / 01:35 PM / NSE


This is to inform the general public that at the Annual General Meeting of the Prestige Assurance Plc held on 11th of June 2018, the following resolution was passed by the Shareholders of Prestige Assurance Plc as follows: 

“That the Directors be and are hereby authorized to issue bonus shares from its share premium account in the sum of N782,569,517.00 being 41 new shares for every 100 share held thereby increasing the issued share capital of the company from N1,908,706,140 to N2,691,275,658 by issuing 1,565,139,035 ordinary shares of N0.50 kobo each to shareholders who are on the register of members at a date to be determined” 

Based on this premise, Prestige Assurance Plc approached the Security & Exchange Commission to register the bonus share and approval was subsequently granted on the 9th of November, 2018.


Accordingly, we are pleased to advise as follows:


Basis of Bonus:        41 shares to every 100 shares held

Qualification Date:  27th of November, 2018

Closure of Register: 28th of November to 5th of December, 2018, both days inclusive


Proshare Nigeria Pvt. Ltd.

Related News

1.       PRESTIGE Declares N367.44m PAT in Q2 2018 Results,(SP:N0.57k)

2.      PRESTIGE Declares N531.84m PAT in 2017 Audited Result,(SP:N0.49k)

3.      Prestige Assurance Plc. - Proposed Share Reconstruction

4.      Prestige Assurance Plc Announces Filing of its 2016 Audited Financial Statement

5.  PRESTIGE Appoints Hassan Musa Usman as Board Chairman; Gopalan Srinivasan steps down
Related News