One of the publicly quoted insurance firms on the NSE, Prestige Assurance Plc, has revised the terms of its proposed rights issue.
SEC has granted approval to the Consolidated Hallmark Insurance to proceed on a Rights Issue and increase its capital base by N1.05 billion.
C&I Leasing Plc has obtained approval of the Securities Exchange Commission (“SEC) to open subscription of a rights issue of N539 million.
Rights issue has dominated quoted companies' capital raise between 2016 and 2019. This is according to data obtained from the SEC.
Julius Berger Nigeria Plc has notified its shareholders and investing public that it has no plans to float any right issues in the meantime.