STI gets approval for extension of rights issue
Sovereign Trust Insurance Plc (STI) has extended its Rights Issue offering, which opened on Monday, June 24, 2019, following the approval from the Securities and Exchange Commission (SEC).
STI begins N4.17 billion rights issue
Sovereign Trust Insurance Plc has announced the opening of rights issues for existing shareholders, which has commenced since June 24, 2019, and will run through July 31, 2019. The Head of Corporate Communications and Brand Management of the underwriting firm, Segun Bankole, who spoke to The Guardian over the weekend, said that the company is…
STI records N4.2b claims payment
Sovereign Trust Insurance Plc (STI) has continued to affirm commitment and capacity to honour all genuine claims as and when due, as it settled claims totaling N4.24 billion to various insured, spread across the country in 2018. A statement by the company’s spokesperson and Head of Corporate Communications and Brand Management, Segun Bankole, posited that…
Sovereign Trust profit rises by 352% in Q3 2017
Sovereign Trust Insurance Plc has shown a consistent rise in its profitability after it recorded 352 per cent Profit After Tax (PAT) increase in third quarter (Q3) 2017.