OMOTAYO ARAOYE
Wapic Insurance Plc has appointed a new board of director chairman, named Mr. Mutiu Sunmonu, to succeed Mr. Aigboje Aig-Imoukhuede who retired as Chairman with effect from April 27, 2020.
This new development was approved by the company’s board during a meeting held on Monday where they also assessed the company’s performance and approved the 1Q 2020 unaudited financial statement.
The company appointed the new leader in line with the Company’s Board Succession Plan.
According to the Company Secretary, Mary Agha, in a statement disclosed to the Exchange and the public, she said, “In line with the Company’s Board Succession Plan, the Board also approved the appointment of Mr. Mutiu Sunmonu CON as the new Chairman of the Board of Directors of Wapic Insurance Plc to succeed Mr. Aigboje Aig-Imoukhuede who retired as Chairman with effect from April 27, 2020”.
She noted that the Closed Period declared on Thursday, January 16, 2020, still continues until release of the Company’s Audited Financial Statements for the period ended December 31, 2019, to the general public
Agha stressed again that no, ” Director, employee, person discharging managerial responsibility and adviser of the Company and their connected persons may directly or indirectly deal in the shares of the Company in any manner during this Closed Period”.
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