Guinea Insurance Plc has secured the approval of the Securities and Exchange Commission (SEC) for a Rights Issue of 5.295 billion ordinary shares of 50 kobo each at N1.10 per share.
The ongoing Rights Issue is on the basis of
two (2) new ordinary shares for every three (3) ordinary shares held as at the close of business on January 21, 2026.
The Rights Issue opened on March 25, 2026 and is scheduled to close on May 1, 2026.
This capital raise forms part of the Company’s strategic initiatives to strengthen its capital base, enhance underwriting capacity, and position the Company for sustained growth and improved service delivery.
“Shareholders are encouraged to take up their rights in full or in part. Rights not taken up may be traded on the Nigerian Exchange Limited (NGX) during the offer period, subject to regulatory approvals”, the issuance company noted.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
