Goldlink Insurance Plc is prepared to raise additional N8 billion fund from the Nigerian capital market.
The purpose of this is to strengthen its operations and enhance shareholders value.
The company further disclosed that the funds would be either by way of rights issue or public offer.
According to the Acting Managing Director of the company, Olufunke Moore in what she termed “Facts Behind Restructuring’ of the company said that fresh capital injection was part of recommendations by the Interim Management Board, inaugurated by the National insurance Commission, (NAICOM) in 2012 to audit the accounts for the years ended 2011 to 2014.
Moore informed that funds realised from the offer would be used in upgrading its information technology, while some parts of the proceeds would be invested in real estate and fixed instruments.
The company chief further explained that Goldlink will rejig its marketing strategy in 2016 in pursuit of its objective of reclaiming its market shares in the insurance industry.
She said the company is expected to grow its gross premium income from the set target of N5.2 billion in 2016 to N10.5 billion in 2019 at the successful closure of the offer.
