Presco Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021) ending 31st of December, 2021.
• Turner is expected to hit N44.57 billion.
• Cost of sales is projected at N16.3 billion.
• Administrative expenses totalled N6.7 billion.
• Tax projection of N5.09 billion.
• Profit after tax is projected at N14.51 billion.
See link to results.
Meyer Plc has notified its shareholders, the investing public and other relevant stakeholders that it will be hosting a Board of Directors Meeting on Friday, October 8, 2021, by 10 am prompt.
This is according to a press statement signed by the company’s secretary, Kalu O. Kalu, and filed with the Nigerian Exchange Limited (NGX).
According to the notice, the board meeting is scheduled to enable the Directors consider and approve the company’s unaudited accounts for the third quarter of the year ending 30th of September, 2021.
Consequently the company will be observing a closed period from October 1, 2021 until 24 hours after the financial results have been released to the NGX and made public. During the closed period, all insiders and their connected persons are prohibited from trading (i.e buying, selling, transferring or otherwise dealing) in the company’s shares.
For more information about the disclosure, click HERE.
Guinness Nigeria Plc has notified shareholders, the Nigerian Exchange Limited (NGX), the investing public and other stakeholders that it will be hosting a Board of Directors Meeting on the 19th day of October, 2021.
This is according to a recent notice issued by the brewing giant and filed with the Nigerian Exchange Limited (NGX), as seen by Nairametrics.
According to the disclosure, the Board meeting was scheduled to enable the company consider and approve its financial results for the quarter ending 30th of September 2021, amongst other issues. If approved, the company’s result for the period is expected to be published on the NGX website on or before 20th of October, 2021.
Consequently, the Company will commence a closed period from 30th of September, 2021 until 24 hours after the outcome of the Board Meeting is announced to the investing public. During the closed period, no director, person discharging managerial responsibility and adviser of the Issuer and their connected persons shall deal in the securities of the Company.
See link to notice.
Prestige Assurance Plc has announced the appointment of Mrs Rekha Gopalkrishnan into its Board as a Non-Executive Director, with effect from September 13, 2021. The appointment has been ratified by the National Insurance Commission (NAICOM).
This is according to a notice issued by the Insurance firm, which partly reads: ‘’Prestige Assurance Plc (the Company) wishes to inform the Nigerian Exchange Limited (NGX), its shareholders and the investing public that the National Insurance Commission (NAICOM) has approved the appointment of Mrs Rekha Gopalkrishnan as a Non-Executive Director with effect from September 13, 2021.’’
About Mrs Rekha Gopalkrishnan
Mrs Rekha Gopalkrishnan is an accomplished insurer and administrator with over 35 years of experience. She started her working career with The New India Assurance Company Limited, Mumbai in 1985, and worked in various capacities in the Divisional and Regional offices. Her services in the aforementioned firm cuts across technical and administrative functions, she was also in charge of the Reinsurance functions in 2010, having garnered international business exposures with expertise in arranging placements of the reinsurance programmes. She was later promoted to the rank of a General Manager, where she became responsible for corporate communication department, reinsurance, credit insurance, government audit, investment, foreign business department and internal audit portfolios with functions of financial advisor. In 2019, she was appointed as Nominee Director of Stock Holding by GIPSA.
Rekha holds a bachelor and Masters degrees in Commerce.
What you should know:
AIICO Insurance Plc has announced that its Board of Directors will meet on Thursday, 21st of October 2021, to review and approve cogent issues affecting the company.
This is according to a notice signed by the company’s secretary, Donald Kanu, and sent to the Nigerian Exchange Group Limited (NGX).
According to the notice, the meeting will enable the Board Directors to review and approve the company’s unaudited financial statement for the nine months period ending 30th of September, 2021.
In addition, the Board will seize the opportunity to fix a date for its 2020 (51st) Annual General Meeting of the Company. Consequently, decisions reached at the meeting will be duly communicated.
Finally, the firm also announced that it will commence its closed period from 1st of October, 2021 until 24 hours after the company’s unaudited financial statement and outcome of the board meeting have been made public in line with Rule 17:17 of the Closed Period, Rulebook of the Exchange, 2015 (Issuers’ Rule) as amended.
It is important to state that during the closed period, all insiders and their connected persons are strictly prohibited from transacting the shares of the company.
Here is a link to the notice.
ABC Transport Plc released its earnings forecasts for the fourth quarter ending 31st of December, 2021.
See link to forecasts.
Secure Electronic Technology Plc has announced the sudden death of its Managing Director, Oloye Jonathan A.O. Olopade (OFR).
His death was confirmed in a press statement that was signed by the Vice Chairman of the Company, Dr Odunlami Kola-Daisi, made available on the website of the Nigerian Exchange Limited.
Until his death, Chief Olopade was a distinguished business leader and astute administrator, who was tireless and unreserved in his commitment towards promoting the affairs of the Company he co-founded and served right till the end.
According to some of his colleagues on the Board, the late Chief Olopade left an indelible impact in their lives and would be best remembered for his integrity, dedication and exceptional leadership qualities.
In a bid to fill the void left by the departing boss, the Board seized the opportunity to announce the appointment of Mr Olusoji Oyeyemi as the new Managing Director/Chief Executive Officer of the Company. He would superintend the day to day affairs of the company.
Mr Olusoji Oyeyemi is a certified information technology systems expert with over 25 years of cognate industry experience in technology, marketing and analytics. He has a track record of conceptualizing and implementing business, commercial and analytical solutions. In this light, he brings a wealth of knowledge and experience in IT systems development, management and strategy, with a firm understanding of the lottery and Gaming industry from both technical and operational perspectives.
Similarly, the Board also appointed Mrs Irene Attoe as the new company secretary, effective 1st of September, 2021. Her appointment is sequel to the resignation of the former secretary, Ms Immaculata Mbaso.
Irene would manage the company secretariat and oversee compliance advisory to the Board and Management.
Red Star Express Plc released its earnings forecasts for the third quarter of the year ending 31st of December, 2021.
See link to forecasts.
LivingTrust Mortgage Bank Plc released its earnings forecasts for the fourth quarter of the year ending 31st of December, 2021.
See link to forecasts.
Juli Plc released its financial results for the half year period ended 3oth of June, 2021.
See link to results