SundayDecember 19, 2021 / 07:20 AM / by NGX/ Header ImageCredit:  NEM Insurance Plc

Further to our market bulletin of 7 December 2021 withreference number: NGXREG/LRD/MB54/21/12/07 regarding the proposed share capitalreconstruction of NEM Insurance Plc(NEM Insurance or the Company), trading in the shares of NEM Insurance Plc wassuspended on Friday, 10 December 2021.

The suspension was effected pursuant to the proposedshare reconstruction/redenomination of the nominal value of NEM Insurance'sissued ordinary shares from N0.50 each to N1.00 each by the consolidation ofevery two (2) shares held by each shareholder into one (1) share. Thesuspension is necessary to enable NEM Insurance to reconcile its share registertowards implementation of the proposed share consolidation.

One Year Share Price Movement

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3. NEM Declares N4.1m Loss in Q4 2020 Results, (SP:N2.50k)
4. NEM Notifies of Dealing in 4m Volume of Shares by Smart Tope
5. NEM Notifies of Resolutions Passed at its Extra Ordinary Meeting
6. NEM Insurance Plc Q3 2020 Results: Profit Dwindles as Rising Claims Expenses Stings Harder
7. NEM Declares N1.11bn PAT in Q3 2020 Result, (SP:N2.23k)
8. NEM Notifies of Board Meeting Date and Commencement of Closed Period
9. NEM Declares N1.6bn PAT in Q2 2020 Results, (SP:N1.87k)
10. NEM Notifies of Resolutions Passed At Its 50th AGM
11. NEM To Hold 50th AGM on June 18, 2020; Lists Proxies
12. NEM Declares N1.1bn PAT in Q1 2020 Result,(SP:N2.16k)