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WAPIC Insurance PLC – Listing of Additional Shares

10,608,941,258 ordinary shares of Wapic Insurance Plc (“Wapic Insurance” or “the Company”) were on Tuesday, 03 March 2020, listed on the Daily Official List of The Nigerian Stock Exchange.

The additional shares listed on The Exchange arose from Wapic Insurance Plc’s Rights Issue of 15,613,194,623 ordinary shares of N0.50 kobo each at N0.38 per share, on the basis of seven (7) new ordinary shares for every six (6) ordinary shares held as at 19 September 2019 which was 67.95% subscribed.

With this listing of the additional 10,608,941,258 ordinary shares, the total issued and fully paid up shares of Wapic Insurance Plc has now increased from 13,382,738,248 to 23,991,679,506 ordinary shares of N0.50 kobo each.

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