We wish to inform our esteemed Shareholders and the General Public that following the approval of the shareholders of LASACO Assurance Plc. (“the company/LASACO”), at the 39th Annual General Meeting of the company held on 8th October, 2o19, the company has obtained regulatory approvals to reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary shares of 50kobo each in the ratio One (L) new Ordinary share for every Four (4) Ordinary shares previously held by the shareholders of LASACO Assurance Plc.
To enable us to reconstruct the shares, we hereby give Notice of the following:
That suspension of trading will be placed on the shares of LASACO for two (2) weeks beginning from Monday 1st February, 2ol21 to Friday 12th February, 2o21 both days inclusive.
That the Register of shareholders shall be closed for this period to enable the Central Securities Clearing Systems Plc. (CSCS) and Apel Capital Registrars Limited, the Registrars to LASACO, to finalize the Reconstruction of the shares and produce a new Register for the Company.