Consolidated Hallmark Insurance hits 10.7bn shares unit on NSE

Consolidated Hallmark Insurance Plc listed additional shares of 2,032,500,000 Ordinary Shares of 50 Kobo Each at 52 Kobo Per Share after completion of its Rights Issue.

The Nigerian Stock Exchange (NSE) in a statement said, “An additional 2,032,500,000 ordinary shares of Consolidated Hallmark Insurance (the Company) was listed on the Daily Official List of The NSE last Thursday.

“The additional shares listed on The Exchange arose from the Company’s Rights Issue of 2,032,500,000 ordinary shares of 50 kobo each at 52 Kobo per share on the basis of 1 new ordinary shares for every 4 ordinary shares held as at 3 February 2020. The Rights Issue was 100 percent subscribed.

“With this listing of the additional 2,032,500,000 ordinary shares, the total issued and fully paid-up shares of Consolidated Hallmark Insurance Plc has now increased from 8,672,000,000 to 10,704,500,000 ordinary shares of 50 kobo each.”

Commenting on the successful outing, Group Managing Director/CEO of CHI Plc, Mr. Eddie Efekoha expressed delight at the good result despite the challenging period the offer was held during look-down occasioned by the COVID-19 pandemic.

“It is great to see investors’ confidence and trust in our company being exhibited with the full subscription of the right offer.”