Linkage Assurance Plc has obtained approval from the Securities and Exchange Commission to commence a Rights Issue of 12,320,000,000 ordinary shares of ₦0.50 each at ₦1.32 per share.
The offer, designed to reinforce the company’s capital base, opens on 11 March 2026 and closes on 23 April 2026.
The Rights Issue allows existing shareholders to acquire two (2) new shares for every three (3) shares held as at 22 January 2026. Shareholders can participate through the dedicated online platform at www.linkage.apel.com.ng or by submitting the paper Participation Form available on the registrar’s website, www.registrars.apel.com.ng.
Completed forms and payment must be submitted by the close of the offer period.
Need For Capital
The capital raised will be deployed to meet the Minimum Capital requirements introduced by the Nigeria Insurance Industry Reform Act, 2025, as well as to expand the company’s operations in key areas of insurance business.
The Rights Issue provides shareholders with an opportunity to increase their equity holdings and reinforce support for the company’s growth strategy.
Shareholders are encouraged to consult their stockbrokers or financial advisors for additional guidance on participating in the offer. The Rights Circular can also be accessed online via www.registrars.apel.com.ng.
