Sunu Assurances Announces Results of Its Private Placement of 3.01Bn Ordinary Shares

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Sunu Assurances has announced the result of the Private Placementexercise of 3,010,800,000 ordinary shares of 50 kobos each at N1.00 per share, with respect to the Private Placement Memorandum dated Monday, January 4, 2021.

  • A total of two (2) applications for 3,010,800,000 ordinary shares were received in connection with the Private Placement.
  • All the two (2) applications for 3,010,800,000 ordinary shares were found to be valid, accepted and processed accordingly.
  • The Private Placement exercise is therefore 100% subscribed.

The breakdown of the allotment is provided below:

Sunu Assurances Announces Results of Its Private Placement of 3.01Bn Ordinary Shares

The Securities & Exchange Commission has cleared the Basis of Allotment stated above as well as this announcement.

CSCS accounts of successful allottees will be credited with shares allotted not later than Friday, February 12, 2021, by the Registrars to the Issue, Crescent Registrars Limite,d 23, Olusoji Idowu Street, Ilupeju, Lagos.

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