FT

Asian Alliance goes for share subdivision

Monday, 25 May 2015 00:00 -     - {{hitsCtrl.values.hits}}

Board of Directors of Asian Alliance Insurance Plc has decided to subdivide the company’s shares in the ratio of one for 10, subject to shareholder approval.

The number of shares in issue at present is 37.5 million shares and the move will increase the number to 375 million.

A meeting of shareholders will be convened shortly in order for approval to be granted.

COMMENTS