WorldStage Newsonline– Linkage Assurance Plc, a Nigerian quoted firm which offers individual and group life insurance products as well as non-life insurance products such as motor and casualty insurance has approved a bonus package of one share for every 4 shares registered for members at the close of business on the 17th July 2020.
According to a notice by Mr Moses Omorogbe, company secretary to the Nigerian Stock Exchange (NSE), the decision was taken at the 26th Annual General Meeting (AGM) on Thursday August 13, 2020 held at the Agip Recital Hall Foyer, Muson Centre, Onikan, Lagos.
He said to fund the exercise, the company agreed to capitalise N1 billion from its general reserve account to cover the issue of 2 billion ordinary shares of 50k each.
The note also confirmed that Mr Shehu Dahiru Abubakar was elected as an Independent Director at the AGM.
