STI Records 72.50% Rights Issue Subscription
December 12, 2019
4:15 am
Sovereign Trust Insurance Plc, has announced that its rights issue to its existing shareholders recorded a 72.50 per cent subscription.
Following the successful completion of the rights issue offer, the Securities and Exchange Commission, (SEC) has given approval to the underwriting firm to make public to the company’s shareholders and other related parties the result of the offer which ended on August 21, 2019, after it was extended at the expiration of its initial closing date of July 31, 2019.
It will be recalled that a total of 4,170,411,648 ordinary shares of 50 kobo each at 50 kobo per share …
