Post by Idowu Anthony-Ajileye (@dobmarch8)

#NGX MARKET BULLETIN

Fortis Global Insurance Plc: Implementing the Share Capital Reconstruction

We refer to our market bulletin with reference number NGXREG/IRD/MB68/26/6/17, dated 17 June 2026, wherein the Market was notified that trading in the shares of Fortis Global Insurance Plc (the Company) was placed on suspension effective, Wednesday, 17 June 2026, in preparation for the share reconstruction of the Company’s Issued shares.

The Market is hereby notified that the entire 12,911,030,586 ordinary shares of Fortis Global Insurance Plc were delisted from the Daily Official List of Nigerian Exchange Limited (NGX) today, 02 July 2026, while the newly reconstructed issued share capital of 3,227,757,647 ordinary shares of 50 Kobo each were also today, listed on the Daily Official List of NGX at N3.96 per share.

The delisting of 12,911,030,586 ordinary shares and listing of 3,227,757,647 ordinary shares on NGX is pursuant to the approval received from the Company’s shareholders at its Extraordinary General Meeting of 4 April 2025 and the no objection received from the Securities and Exchange Commission.

Consequently, following the completion of the share reconstruction, the suspension placed on the securities of the Company has been lifted.

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