Sovereign Trust Insurance Plc (Sovereign Trust or the Company) has, through its Stockbroker, Dynamic Portfolio Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Four Billion, One Hundred and Seventy Million, Four Hundred and Eleven Thousand, Six Hundred and Forty Eight (4,170,411,648) ordinary shares of Fifty Kobo (N0.50) each at Fifty Kobo (N0.50) per share, on the basis of one (1) new share for every two (2) ordinary shares held.
The Qualification Date for the Rights Issue was Tuesday, 15 January 2019.
For Further Inquiries Contact: Market Operations Department
About the company
Sovereign Trust Insurance Plc is an insurance and risk management services company in Nigeria licensed to cover all cases of life and non-life insurance. Products cover the spectrum of travel, quote and buy, family wellbeing, vehicle, 3 rd party motor and marine insurance. Sovereign Trust Insurance Plc was established following the restructuring and recapitalisation of the then Grand Union Assurances Limited. Its head office is in Lagos, Nigeria.