Consolidated hallmark n1 057bn rights issue opens
It appears that Consolidated Hallmark Insurance Plc has launched a rights issue to raise N1.057 billion.
A rights issue is a type of equity financing where existing shareholders are given the opportunity to purchase additional shares in the company, usually at a discounted price. This allows the company to raise capital without diluting the ownership of existing shareholders.
Here are some key details about the Consolidated Hallmark Insurance Plc rights issue:
- Issue size: N1.057 billion
- Rights issue price: Not specified
- Subscription period: Not specified
- Entitlement ratio: Not specified
- Purpose of the issue: Not specified
It's worth noting that the company may use the proceeds from the rights issue to fund various activities, such as expanding its operations, repaying debt, or investing in new projects.
If you are a shareholder of Consolidated Hallmark Insurance Plc, you may want to review the company's announcement and consider exercising your rights to subscribe to the new shares. However, it's always a good idea to consult with a financial advisor or conduct your own research before making any investment decisions.