SUNU Assurances N3.01bn private placement 100% subscribed

Sunu Assurances

SUNU Assurances N3.01bn private placement fully subscribed     Sunu Assurances Nigeria Plc said its private placement exercise was 100 per cent. Samuel Ogbodu, the managing director of the company, disclosed this in a statement on Saturday titled ‘SUNU Assurance achieves 100 per cent subscription on N3.01b private placement’. He said the private placement exercise of 3,010,800,000 ordinary shares of 50 kobo each at N1.00 per share, with respect to the private placement memorandum on January 4, 2021 was successful. He said a total of two applications for 3,010,800,000 ordinary…

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SUNU Assurances says successful raised N3bn via private placement

Sunu Assurances

SUNU Assurances says successful raised N3bn via private placement   In what may not be unrelated to the ongoing recapitalization exercise in the Nigerian insurance industry, the board of Sunu Assurances Nigeria Plc says it has successfully raised N3.01 billion in fresh capital. The amount was sourced by way of private placement of 3,010,800,000 ordinary shares of 50 kobo each at N1.00 each, with respect to the Private Placement Memorandum of Monday, January 4, 2021. The new shares, the basis of which allotment was found to be valid, accepted and…

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