As part of the resolutions passed at its 61st Annual General meeting, Wapic Insurance name will be changed to “CORONATION INSURANCE PLC”.
The Memorandum and Articles of Association of the Company will also be amended to reflect the new Company name with the Directors given the authority to do all things necessary to give effect to the resolution including obtaining all regulatory approvals thereon.
This was disclosed in a recent filing on the Nigeria Stock Exchange (NSE) by Wapic.
The Directors were also authorized to appoint an external consultant to conduct the Annual Board Performance Appraisal for the financial year ending December 31, 2020 in compliance with Article 5.07 (iv) of the National Insurance Commission Code of Good Corporate Governance for the Insurance Industry in Nigeria.
