SEC Approves Extension Of Wapic Insurance Plc's Rights Issue Offer Period


Wednesday, January 08, 2020 / 09:40 AM / NSE / Header Image Credit: Independent Newspapers

Further to our Market Bulletin of 20 November 2019, wherein the Market was notified of the offer period for the Rights Issue of Wapic Insurance Plc, please be informed that the Securities and Exchange Commission (SEC) has approved a further extension of the offer period of Wapic Insurance Plc's Rights Issue of 15,613,194,623 ordinary shares of N0.50 each at N0.38 per share on the basis of seven (7) new ordinary shares for every six (6) ordinary shares held as at the close of business on 19 September 2019.

With this SEC's approval, the Offer which was initially scheduled to close on Tuesday, 31 December 2019 will now close on Friday, 10 January 2020.

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