Guinea Insurance Plc has secured the approval of the Securities and Exchange Commission (SEC) for a Rights Issue of 5.295 billion ordinary shares of 50 kobo each at N1.10 per share.
The ongoing Rights Issue is on the basis of
two (2) new ordinary shares for every three (3) ordinary shares held as at the close of business on January 21, 2026.
The Rights Issue opened on March 25, 2026 and is scheduled to close on May 1, 2026.
This capital raise forms part of the Company’s strategic initiatives to strengthen its capital base, enhance underwriting capacity, and position the Company for sustained growth and improved service delivery.
“Shareholders are encouraged to take up their rights in full or in part. Rights not taken up may be traded on the Nigerian Exchange Limited (NGX) during the offer period, subject to regulatory approvals”, the issuance company noted.