WAPIC INSURANCE PLC 2019 RIGHTS ISSUE

Dear Valued Investor,

Please be informed that Wapic Insurance Plc’s Rights Issue of 15,613,194,623 ordinary shares of 50 kobo each at N0.38 per share opened on Wednesday November 20, 2019 and will close on Tuesday December 31, 2019..

The ratio of the Rights is 7 new shares for every 6 ordinary shares held by shareholders whose names appeared in the register of members of the company as at September 19, 2019.

Acceptance list opened: Wednesday November 20, 2019

Acceptance list closes: Tuesday December 31, 2019

 

Wapic Insurance Plc is raising N5.93 Billion to enable the Company:

  • Invest in Wapic Life Assurance Limited to meet regulatory capital requirements
  • Invest in Wapic Insurance (Ghana) Limited

RED STAR EXPRESS AND WAPIC INSURANCE PLC RIGHTS ISSUE