Lasaco Assurance raises N19.3bn in Right Issue
The company added that the verification reaffirmed Lasaco Assurance Plc’s current admissible capital position, with the recently raised capital expected to further strengthen the Company’s capital base upon its incorporation into the final computation.
Following this, the SEC granted its final approval for the Rights Issue, marking another significant milestone in the Company’s recapitalisation journey.
The Company noted that the successful exercise reflects the strong confidence of shareholders and investors in Lasaco Assurance Plc’s strategic direction, financial fundamentals, and long-term growth prospects.
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