Prestige Assurance Proposes 2 for 11 Bonus to Shareholders

Prestige Assurance Plc, an Insurance firm listed on the Nigerian Stock Exchange (NSE), is proposing Bonus shares in the ratio of 2 new shares for every 11 existing shares held by its shareholders, for the 2019 financial year, according to a filing on the NSE.
The cutoff date for eligibility is the close of business on 19th June 2020 and is subject to the approval of the appropriate regulatory authorities.
Prestige which currently has a share count of 5.38 billion, will see it rise by 978.1 million shares to 6.358 billion shares outstanding.
Prestige shares closed at N0.59 and the stock is up 18 percent in the past year.
The Company’s Annual General Meeting will be held at FOYER OF AGIP Recital Hall, MUSON Centre Lagos, on the 30th of June 2020 at 12 Noon.