An application for approval and listing of a rights issue of 12.2 billion ordinary shares of Linkage Assurance Plc on the Nigerian Exchange (NGX) Limited has been submitted.
The underwriting firm filed the application through its stockbrokers, Apel Asset Limited and Capital Express Securities Limited.
The company wants to offer to existing shareholders a total of 12,320,000,000 ordinary shares of 50 Kobo each at a unit price of N1.32.
The qualification date for the offering is Thursday, January 22, 2026, and it is on the basis of two new ordinary shares for every three held.
“Trading license holders are hereby notified that Linkage Assurance Plc has through its stockbrokers, Apel Asset Limited and Capital Express Securities Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a rights issue of 12,320,000,000 ordinary shares of 50 Kobo each at N1.32 per share on the basis of two new ordinary shares for every three existing ordinary shares held as at the close of business on Thursday, January 22, 2026.
“The qualification date for the rights issue is today, Thursday, January 22, 2026,” a circular signed by the Head of Issuer Regulation Department of the exchange, Mr Godstime Iwenekhai, stated.