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    AIICO   NGAIICO00006

AIICO INSURANCE PLC

(AIICO)
  Report
End-of-day quote. End-of-day quote Nigerian Stock Exchange - 06/18
1.09 NGN   -2.68%
06/01AIICO INSURANCEá : Gets Quality Assurance Certification
AQ
03/31AIICO INSURANCEá : Redefines Vision, Mission Statements
AQ
2020AIICO INSURANCEá : Rights Issue Records Over-Subscription
AQ
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Aiico Insurance : Shifts Annual General Meeting to December

09/16/2020 | 04:06am EDT

AIICO Insurance Plc has shifted its annual general meeting (AGM) from September 30 to December 8, 2020. The underwriting firm disclosed the change in the date of the AGM in a notification to the Nigerian Stock Exchange yesterday.

"This change in date is occasioned by the delay in concluding a number of transactions earmarked as conditions precedent to the AGM. One of the conditions is(but not limited to)the conclusion of rights issue to the shareholders of the company which although has now commenced, was delayed majorly because of the issues arising from the COVID-19 pandemic," it said.

AIICO Insurance Plc is currently issuing 4,357, 770,954 ordinary shares of 50 Kobo each at 80 Kobo on the basis of five new ordinary shares for every 13 ordinary shares to raise about N3.486 billion.

Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

All news about AIICO INSURANCE PLC
06/01AIICO INSURANCEá : Gets Quality Assurance Certification
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03/31AIICO INSURANCEá : Redefines Vision, Mission Statements
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2020AIICO INSURANCEá : Rights Issue Records Over-Subscription
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2020AIICO INSURANCEá : to Raise Share Capital to N20 Billion
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2020AIICO INSURANCE PLCá : Proxy Statments
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2020AIICO INSURANCEá : Pledges to Partner Media
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2020AIICO INSURANCEá : Insurers Restate Commitment to Claims' Settlement
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2020AIICO INSURANCEá : Supports Vulnerable Persons
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2020AIICO INSURANCEá : Shifts Annual General Meeting to December
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Financials
Sales 2020 105 B 255 M 255 M
Net income 2020 5 061 M 12,3 M 12,3 M
Net cash 2020 31 913 M 77,8 M 77,8 M
P/E ratio 2020 3,42x
Yield 2020 -
Capitalization 17 100 M 41,6 M 41,7 M
EV / Sales 2019 -0,03x
EV / Sales 2020 -0,08x
Nbr of Employees 565
Free-Float 85,0%
Chart AIICO INSURANCE PLC
Duration : Period :
AIICO Insurance Plc Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 1,34 NGN
Last Close Price 1,09 NGN
Spread / Highest target 22,9%
Spread / Average Target 22,9%
Spread / Lowest Target 22,9%
Managers and Directors
NameTitle
Babatunde Fajemirokun Chief Executive Officer, MD & Director
Oladeji Oluwatola Chief Financial Officer
Kundan Sainani Chairman
Kadri Adewale Abass Executive Director & Head-Technical
Samaila Dalhat Zubairu Independent Non-Executive Director
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