Red Star Express Plc announces Board Meeting.

Red Star Express Plc has notified stakeholders and the investing public of its imminent Board of Directors meeting, scheduled on June 28, 2021 by 2:00pm.

This is according to a disclosure signed by the Company’s secretary, Frances Ndidi-Akpomuka and sent to the Nigerian Exchange Limited.

The meeting is scheduled to consider and approve the audited financial statements of the company for the year ended 31st of March 2021, evaluate the proposed dividend for the aforementioned period (if any) and ratify the appointment of eminent individuals into the company board as Non-Executive Directors, amongst other issues.

In line with this, the company will be observing a closed period from 11th of June, 2021 until 24 hours after the unaudited financial statements have been filled with The Exchange. Under the closed period, the Directors and other insiders of Red Star Express Plc are restricted from dealing in the securities of the company.

What you should know:

  • Red Star Express Plc is a leading courier and package delivery company in Nigeria. It provides a portfolio of full logistic solutions in Nigeria which includes, but not limited to International and Domestic express delivery, Freight Forwarding, Integrated Logistics Solutions, etc.
  • The firm had earlier reported a loss after tax of N2.44 million in 9M 2020. This is 21% lower than a profit of N377.52 million it declared earlier in corresponding period in 2019.

For more information about the notice, click HERE.


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