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Business > Insurance
Consolidated Hallmark to raise N500m from capital market
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By Desola Akindele
August 28, 2017 14:15:01pm GMT      |      Views: 398

WorldStage Newsonline-- The Nigerian Stock Exchange has issued a notification to dealing members on a proposed rights issue of N500 million for Consolidated Hallmark Insurance Plc

The notice signed by the Acting Head, Listings Regulation Department of the NSE, Godstime Iwenekhai  noted that the application had been filed by the firm’s stockbroker; Planet Capital Limited.

Iwenekhai who confirmed the NSE receipt of the application noted that the insurance firm is seeking for approval and listing of a Rights Issue of 1,000,000,000 Ordinary Shares of 50 Kobo each at 50 Kobo per share on the basis of one (1) new Ordinary Shares for every six (6) Ordinary Shares of 50 Kobo held.

He said, “The Qualification Date for the Rights Issue is today, 28 August 2017.”

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