Universal Insurance Extends N3.2bn Rights Issue Trading Period

Universal Insurance Plc has announced an extension of the trading period for its N3.2 billion rights issue on the Nigerian Exchange (NGX) Limited, giving shareholders and investors more time to trade their rights and subscribe to the offer.
The insurer disclosed the extension in a notice filed with NGX, stating that “trading in Universal Insurance Plc’s rights issue of 2.667 billion ordinary shares of 50 kobo each at N1.20 per share on the basis of one new ordinary share for every existing six ordinary shares held as at the close of business on March 30, 2026, opened on May 13, 2026.
“Trading Licence Holders are notified that Universal Insurance has obtained the approval of the Securi...