Linkage Assurance Plc has announced the successful completion of its N16.2bn rights issue, raising fresh capital through the issuance of 12.32bn ordinary shares at N1.32 per share, in a move aimed at strengthening its financial position and meeting new regulatory capital requirements.
The rights issue, which opened on 11vMarch 2026, and closed on 23 April 2026, received full subscription from shareholders. Following approval by the Securities and Exchange Commission, all the shares have been allotted to subscribers and admitted for trading on the Nigerian Exchange Limited.
The capital raise forms part of the company’s response to the National Insurance Commission’s recapitalisation programme for insurance companies, which seeks to strengthen the industry’s capacity to underwrite larger risks, improve financial resilience, and enhance policyholder protection.
Linkage Assurance said the successful completion of the offer demonstrates the continued support of its shareholders and other stakeholders, reflecting confidence in the board and management’s ability
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