Sun Announces Compliance with SPX Listing Rules

Date of Publication: 3rd March, 2026

Sun Insurance Co Ltd is pleased to announce that it has achieved compliance with the requirements outlined in its prospectus dated June 2024. This prospectus was publicly issued prior to the company's public share offering, during which the company committed to meeting all the stipulated listing rules set forth by the Stock Price Exchange (SPX) within an 18-month period. 

In accordance with this commitment, Sun Insurance confirms that it has successfully fulfilled all necessary obligations and is now in full compliance as of February 2026. This milestone underscores the company's dedication to transparency, good governance, and adherence to regulatory standards. 

The two primary areas of compliance addressed were the number of Independent Directors on the Board and the achievement of the required public float. Specifically, the company has increased the number of independent directors to meet the minimum regulatory requirement, and has taken the necessary steps to ensure the public float has reached the mandated thresholds, thereby enhancing shareholder value and market confidence.

Sun Announces Compliance with SPX Listing Rules