Lasaco Assurance Successfully Allocates N11bn Shares in Private Placement
Lasaco Assurance Plc, a prominent life and general insurance company, has announced the successful allotment of 9.25 billion ordinary shares at N1.20 per share. This allotment, totaling N11.1 billion, comes from a private placement that ran from September 23 to October 4, 2024. The placement received overwhelming support, with 100% subscription, meeting all the terms and conditions outlined.
Key Highlights:
• Shares Allotted: 9,250,000,000 ordinary shares at N1.20 each
• Total Value: N11.10 billion
• Placement Dates: September 23 to October 4, 2024
• Full Subscription: All applications, totaling 11 in number, were fully allotted
• Registrations: The allotted shares are registered with the Securities and Exchange Commission (SEC)
• Share Credit Date: By January 15, 2025, shares will be credited to the Central Securities Clearing System Plc accounts of the allottees.
The shares were allocated across various applications, with amounts ranging from 13 million shares to 4.58 billion shares. The offer attracted substantial investor interest, marking a significant step for Lasaco Assurance as it strengthens its position in the market.
For more details, the shares will be credited to investors’ accounts by January 15, 2025.
Lasaco Assurance Plc, a prominent life and general insurance company, has announced the successful allotment of 9.25 billion ordinary shares at N1.20 per share. This allotment, totaling N11.1 billion, comes from a private placement that ran from September 23 to October 4, 2024. The placement received overwhelming support, with 100% subscription, meeting all the terms and conditions outlined.
Key Highlights:
• Shares Allotted: 9,250,000,000 ordinary shares at N1.20 each
• Total Value: N11.10 billion
• Placement Dates: September 23 to October 4, 2024
• Full Subscription: All applications, totaling 11 in number, were fully allotted
• Registrations: The allotted shares are registered with the Securities and Exchange Commission (SEC)
• Share Credit Date: By January 15, 2025, shares will be credited to the Central Securities Clearing System Plc accounts of the allottees.
The shares were allocated across various applications, with amounts ranging from 13 million shares to 4.58 billion shares. The offer attracted substantial investor interest, marking a significant step for Lasaco Assurance as it strengthens its position in the market.
For more details, the shares will be credited to investors’ accounts by January 15, 2025.