Wednesday, May 29, 2024
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HomeInsuranceLASACO Assurance upbeat on share reconstruction

LASACO Assurance upbeat on share reconstruction

 LASACO Assurance Plc said that it has received approvals to reconstruct its issued and fully paid-up Share Capital of 7,334,343,421 ordinary shares of 50 kobo each in the ratio one new ordinary share for every four ordinary shares previously held by the shareholders of LASACO Assurance Plc.

This is contained in a notice released by the company to Nigerian Stock Exchange, LASACO that the company had requested for the suspension of trading on the shares of LASACO for two weeks beginning from Monday February 1, 2021 to Friday  February 12, 2021 both days inclusive.

“The Register of shareholders shall be closed for this period to enable the Central Securities Clearing Systems P1c (CSCS) and Apel Capital Registrars Limited, the Registrars to LASACO, to finalize the reconstruction of the shares and produce a new register for the company.”

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