The management of Mutual Benefits Assurance Plc announced that Cil Risk and Asset Management Limited, a substantial shareholder in the company, has sold 27,352,337 shares of the company in three transactions.
This was contained in a statement released by Mutual Benefits Assurance Plc on Tuesday.
The company sold 24,571,801 shares at N0.33k each and another 2,636,022 shares at N0.34 a share.
Cil Risk and Asset Management Limited then relinquished 144,514 shares at NO.35k between August 18th, 2021 and August 23, 2021.
A breakdown of the report revealed that the company sold a total of 27,352,337 at an average price of N0.34k.
CIL Risk and Asset Management Limited is a financial advisory company. The company offers restructuring and re-engineering, project financing, and securities trading services. It caters to oil and gas, information technology, telecommunication, real estate, hospitality, and tourism industries. CIL Risk & Asset Management Limited was founded in 2004 and is headquartered in Lagos, Nigeria.
