AIICO Insurance to raise authorised share capital by 11.11% to N20b

WorldStage Newsonline– AIICO Insurance Plc, a major insurance player in Nigeria has indicated plans to increase its authorised share capital by 11.11% from N18 billion  to N20 billion by the creation of additional four billion ordinary shares of 50 kobo each.

The company in a notice to the Nigerian Stock Exchange (NSE) said this decision among others would be made at its 50th Annual General Meeting to be held on Tuesday, December 8, 2020 at Radisson Blu Hotel, 38-40 Isaac John Street, Ikeja , Lagos State. Lagos at 12:00 pm.

Other businesses expected to transacted at the AGM include to lay before the Meeting the report of the Directors, Statement of Financial Position as at December 31, 2019 together with the Statement of Profit or Loss and Other Comprehensive Income for the year ended on that date and the reports of the Auditors and the Audit Committee thereon.

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •   
  •   
  •   
  •   
  •