Axa Mansard Insurance Plc held its Extra Ordinary General Meeting on Monday, December 7, 2020, where the management and its shareholders restructured its shares for investing public in accordance with section 102 of Companies and Allied Matters Act (CAMA).
The company is expected to increase its shares from NGN5,25 billion to NGN18 billion. This will be done with the creation of 25.5 billion ordinary shares of N0.50 kobo each, a statement obtained by AllNews disclosed. This is one of the many decisions authorised by shareholders.
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Below are the eleven takeaways: