SUNU Assurance Records 100% Private Placement Subscription 

Yemisi Izuora

Sunu Assurances Nigeria Plc has announced a 100 per cent subscription for its private placement exercise.

Disclosing this in a statement, Managing Director of the company, Mr Samuel Ogbodu said that the private placement exercise of 3,010,800,000 ordinary shares of 50 kobo each at N1.00 per share, with respect to the Private Placement Memorandum dated Monday, January 4, 2021, has been successful.

He stated that a total of two applications for 3,010,800,000 ordinary shares were received in connection with the private placement.

He said the two applications for 3,010,800,000 ordinary shares were found to be valid, accepted and processed accordingly adding that the Securities & Exchange Commission has cleared the basis of allotment.

He also informed that the Central Securities Clearing System, CSCS, accounts of successful allotees will be credited with shares allotted not later than February 12, 2021, by the registrars to the issue, Crescent Registrars Limited.

According to him, the company is embarking on the growth phase while it remains committed to its strategic objectives and core values, which will also guide the future and culture of the company.

 

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