Prestige Assurance announces retirement of Gopalan Raghu as Director

Prestige Assurance Plc has announced the retirement of Mr Gopalan Raghu from its Board as a Non-Executive Director, effective from 28th of April, 2021.

This is according to a disclosure signed by the Acting Secretary of the company, Chidinma Ibe-Louis, which reads: ‘’Prestige Assurance Plc (the Company) wishes to inform the Nigerian Exchange Limited (NGX), its shareholders and investing public that Mr Gopalan Raghu, a Non-Executive Director of the company, has retired from the Board, effective 28th April, 2021.’’

What you should know:

• Mr Raghu is a Chartered Accountant and an Associate of Company Secretaries, India. He holds a Bachelor of Science degree from Loyola College, Madras, India.
• Mr Raghu is a Director of various companies including; J. T. Chanrai & Co (PH) Ltd, Woollen & Synthetics Textile Mfg. Co Ltd, Standard Biscuits Nig. Ltd, Agro Products Nig. Ltd and Polythene Enterprises Nig. Ltd and a Trustee of Indian Language School, Lagos.
• He was appointed into the Board of Prestige Assurance Plc on 12th of April, 2012. He also served as a member of the Establishment and Governance Committee, and Finance and Investment Committee until his retirement.

Meanwhile, Prestige Assurance Plc last traded its shares on the floor of the Nigerian Exchange Limited (NGX) at N0.46 per share.