Fortis Global Insurance Share Capital Reconstruction 2026
Fortis Global Insurance Plc has filed a public notice announcing the commencement of a share capital reconstruction approved by shareholders at an Extraordinary General Meeting on 4th April 2025. The filing discloses a consolidation ratio of one new share for every four existing shares held, accompanied by a temporary trading suspension.
Fortis Global Insurance Plc (FTGINSURE) has published a public notice dated 17th June 2026 disclosing the commencement of a share capital reconstruction following regulatory approvals obtained after shareholder approval at an Extraordinary General Meeting held on 4th April 2025.
Under the reconstruction, the company's issued share capital will reduce from ₦6,455,515,293 — comprising 12,911,030,586 ordinary shares of 50 Kobo each — to ₦1,613,878,823, comprising 3,227,757,647 ordinary shares of 50 Kobo each. The consolidation is on the basis of one (1) new ordinary share for every four (4) existing ordinary shares held.
To facilitate the exercise, trading in FTGINSURE shares has been suspended for up to two weeks beginning Wednesday, 17th June 2026. The Register of Shareholders has also been closed for the same period to allow the Central Securities Clearing Systems Plc. (CSCS) and PAC Registrars & Investors Services Limited — the company's registrars — to finalise the reconstruction and produce an updated register.
The notice was signed by Halima Jimada, Company Secretary/Legal Adviser.
