LASACO Assurance Plc Proposes Share Capital Reconstruction


Sunday, November 08, 2020   /07:10 AM / by NSE / Header Image Credit: LASACO Assurance Plc

 Proshare Nigeria Pvt. Ltd.

Following the special resolution passed by the shareholders of LASACO Assurance Plc (the Company) at the 39th Annual General Meeting of the Company held on 8 October 2019 in favor of the Company's proposal to carry out a share capital reconstruction, LASACO Assurance Plc through its lead stockbroker, Signet Investment and Securities Limited, has submitted an application for the share capital reconstruction to The Nigerian Stock Exchange.

The share capital will be reconstructed on the basis of one (1) new ordinary share of 50 Kobo each for every four (4) ordinary shares of 50 Kobo each previously held by the existing shareholders.

The paid up share capital of the Company post the capital reconstruction exercise will be reduced from N3,667,171,710.50 divided into 7,334,343,421 ordinary shares of 50 Kobo each to N916,792,929.63 divided into 1,833,585,855 ordinary shares of 50 Kobo each.

Further details on the proposed capital reconstruction will be provided in due course.

Visit LASACO Assurance Plc IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


Table:  Q3 2020 Unaudited Results

Proshare Nigeria Pvt. Ltd.

 Proshare Nigeria Pvt. Ltd.

Related News

  1. LASACO Declares N863m PAT in Q3 2020 Results, (SP:N0.36k)
  2. LASACO Appoints Chief (Mrs) Teju Philips as Board Chairman
  3. LASACO Notifies of Board Changes
  4. LASACO Declares N632m PAT in Q2 2020 Results, (SP:N0.28k)
  5. LASACO Declares N266m PAT in Q1 2020 Results, (SP:N0.26k)
  6. LASACO Declares N316m PAT in 2019 Audited Results, (SP:N0.26k)
  7. LASACO Announces Delay in Filing Q2 2020 Results
  8. LASACO Announces Delay in Submission of Q1 2020 Results
  9. LASACO Notifies of Emergency Board Meeting To Approve 2019 AFS
  10. LASACO Declares N741.80m PAT in Q4 2019 Results, (SP:N0.28k)
Proshare Nigeria Pvt. Ltd.
Related News