By InvestAdvocate

Lagos (INVESTADVOCATE)- Insurer, Prestige Assurance Plc said on Thursday its outstanding shares listed on the Nigerian Stock Exchange (NSE) is now 7,829,496,464 units.

This is coming on the heels of additional ordinary shares of 3,009,978,524 units as a result of the concluded rights issue on the company admitted to trading this week, bringing the total outstanding shares of the company to 5,518,293,960 units.

“Also, additional ordinary shares of 629,496,464 units which arose as a result of the Placing exercise by Champion Breweries Plc. to two of its major shareholders were admitted to trading last week, bringing the total outstanding shares of the company to 7,829,496,464 units,” PRESTIGE said in an issuer’s announcement with the NSE.

The insurer said on Monday it has appointed G. Srinivasan as the new chairman of the board of the company and Chandranat Kale as executive director respectively.

PRESTIGE said the new appointments is coming on the heels of the resignation of three (3) of its directors from the board of the company namely, C.S. Sankey who resigned as chairman, J.O. Adewole and R. Hathiramani.