BUSINESS

AXA Mansard Insurance To Suspend Trading On NGX Thursday

AXA Mansard Insurance Plc has confirmed that its shares will be suspended from trading on the Nigerian Exchange Limited (NGX) on Thursday, 09 September 2021, so that the shareholders’ register can be updated with the reconstructed shares.

A notice by the company at the NGX signed by Mrs Omowunmi Mabel Adewusi, Company Secretary said the development was in order to effect the share capital reconstruction and once concluded, the suspension will be lifted and trading on the shares shall recommence.

Following the Extraordinary General Meeting of AXA Mansard Insurance Plc  held on Monday, 07 December 2020, the Company secured the approval of its shareholders for the share reconstruction / redenomination of AXA Mansard’s shares from a nominal share value of N0.50 to N2.00.

Following the above shareholders’ approval, the Company also received necessary regulatory approvals from the National Insurance Commission (NAICOM) on Monday, 19 July 2021, and the Securities & Exchange Commission (SEC) on Monday, 16 August 2021 respectively.

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