Category: Industrials

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PZ Cussons Plc announces payment of N992.62 million as dividend to its shareholders

Chidinma Anyalewechi Leave a comment

PZ Cussons Nig Plc has announced a dividend of 25kobo per ordinary share, representing N992.62 million for the financial period ended May 31, 2021.

This was disclosed in a notice filed with the Nigerian Exchange Limited (NGX) and signed by the company’s secretary, Jacqueline Ezeokwelume.

The interim dividend of 25 kobo per share which is subject to appropriate withholding tax and approval will be paid on all of the company’s 3,970,477,045 outstanding shares, taking the total amount to be disbursed as dividends to N992.62 million.

According to the disclosure, on the 28th of January 2022, the dividend will be paid electronically to the shareholders whose names appear in the Register of Members as at the close of business on the 7th of January, 2022.

In order to facilitate the process, the Register of Shareholders will be closed from Monday, 10th of January to Friday, 14th of January, 2022.

Hence, shareholders are urged to ensure that their names appear on the Company’s Register of Members as at the aforementioned date and shareholders who are yet to complete the e-dividend registration are advised to download the form on the Registrar’s website, complete the form and submit it to the Registrar or their respective banks.

Shareholders are also expected to mandate the Registrar (First Registrars & Investor Services Limited) to pay their dividends directly into their bank accounts.

Furthermore, shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment are advised to contact the registrar.

Full disclosure here

Dangote Cement Plc reports Profit After Tax of N86.62 billion in Q3 2021

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Dangote Cement Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N331.64 billion. (+16.53% YoY)
  • Cost of sales for the period was N127.27 billion (+10.56%)
  • Gross profit stood at N204.37billion. (+20.59% YoY)
  • Operating profit for the period was N138.13 billion. (+20.69% YoY)
  • Profit before tax of N124.23 billion was recorded during the period.
  • Profit for the period stood at N86.62 billion (+4.94%)
  • Total assets during the period stood at N2.25 trillion. (+227.79bn YtD)
  • Earnings per share of N5.02 Vs N4.80 YoY.

See full result here

Lafarge Africa Plc reports Q3 earnings of N12.07 billion in Q3 2021

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Lafarge Africa Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N74.18 billion. (+25.02% YoY)
  • Cost of sales for the period was N58.31 billion (+28.67%)
  • Gross profit stood at N15.87 billion. (+13.22% YoY)
  • Operating profit for the period was N9.92 billion. (+19.49% YoY)
  • Profit before tax of N7.15billion was recorded during the period.
  • Profit for the period stood at N12.07 billion (+148.03%)
  • Total assets during the period stood at N512.37 billion. (+5.15bn YoY)
  • Earnings per share of 75 kobo Vs 30 kobo YoY.

See full result here

Unilever Plc notifies The Exchange of resignation of Mrs Adesola Sotande-Peters

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Unilever Nigeria Plc has notified the Exchange of the resignation of Mrs Adesola Sotande-Peters from its board of directors.

In a notice signed by the company’s secretary, Abidemi Ademola, and filed with the exchange, the company announced her resignation from the board of directors effective from December 16, 2021.

The notice further thanks Mrs Sotande-Peters for her service and contribution towards the growth of the company.

What you should know about Mrs Sotande-Peters

Mrs Adesola Sotande-Peters has served on the board of directors of Unilever Nigeria Plc for the past seven years as the Executive Board Director of Unilever Nigeria. She is the first Nigerian and first female Vice President, Finance in the almost 100 years of Unilever Nigeria and Ghana.

In addition, she oversees the Controls and Governance agenda in Unilever Africa, providing strategic financial leadership. She is also a Non-Executive Board Director of Unilever Ghana.

See disclosure here

Nigerian Breweries Plc Board of Directors to consider Interim dividend at meeting

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Nigerian Breweries Plc has disclosed through a notice filed with the Nigerian Exchange Limited (NGX) that an additional item has been added to the agenda to be considered.

The notice signed by the company’s secretary, Uaboi .G. Agbebaku, stated that the payment of an interim dividend has been added to the issues to be considered during the Board of Directors meeting scheduled to hold on the 28th of October, 2021.

Earlier, on the 27th September 2021, the company notified the investing public and the Exchange of its Board of Directors meeting and the company’s Closed Period. In addition to the consideration of payment of interim dividend, other issues to be considered is the approval of the Unaudited Financial Statements for the Company for the third quarter ending 30th September 2021.

The company’s closed period commenced on Tuesday, September 28, 2021 and is to continue until the next day after the unaudited financial statements are filed with the Exchange.

See notice here.

BOC Gases Nigeria Plc rebrands, changes name to Industrial and Medical Gases Nigeria Plc.

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BOC Gases Nigeria Plc has announced a rebrand and change of its name to Industrial and Medical Gases Nigeria Plc. This follows the acquisition of a majority stake in the company by TY Holdings Limited, a company linked to former minister of defence and retired military general, Mr Theophilus Yakubu Danjuma.

Recall that TY Holdings Limited had recently acquired additional 249,746,823 ordinary shares of BOC Gases Nigeria Plc, translating to about 60% of the latter’s total shareholding. The deal is in addition to an already existing 12% stake already held by the former, thereby raising its total stake in BOC Gases Nigeria Plc to 72%. Prior to the deal, the majority stakes of BOC Gases Nigeria Plc were held by BOC Holdings UK (a member of the Linde Group).

Sequel to the conclusion of the deal, a change in the ownership structure of BOC Gases Nigeria Plc was approved to reflect the new reality. This resulted in the change of the Company’s logo and trademark. Consequently, the company obtained a new certificate of incorporation from the Corporate Affairs Commission.

The recent development was confirmed through a statement signed by the Managing Director of the Company, Ayodeji Oseni, and filed with the Nigerian Exchange Limited (NGX). The statement read: ‘’This is to notify Nigerian Exchange Limited, our shareholders and the investing public that BOC Gases Nigeria Plc (the Company) has changed its name to INDUSTRIAL AND MEDICAL GASES NIGERIA PLC.

‘’The change of name is sequel to the purchase of 60% of BOC Gases Nigeria Plc, which was formerly controlled by BOC Holdings UK (a member of the Linde Group) by TY Holdings Limited. This has also resulted in the change of the Company’s logo and trademark.

‘’The Company has obtained a new certificate of incorporation from the Corporate Affairs Commission.’’

Eunisell Interlinked Plc grows profit after tax by 498% to N21.19 million in Q1 2021.

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Eunisell Interlinked Plc. released its unaudited financial statements for the first quarter of the year (Q1, 2021) ended 30th of September, 2021.

  • Revenue for the period was N89.15 million. (+525% YoY)
  • Cost of sales was N37.1 million. (+1, 071% YoY)
  • Operating expenses totalled N17.05 million. (+61% YoY)
  • Total assets for the period stood at N655.2 million.
  • Profit for the period was N21.19 million. (+498% YoY)

See link to results.

Meyer Plc grows profit by 109% to N9.5 million in 9M 2021.

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Meyer Plc released its unaudited financial statements for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N759.2 million. (+34% YoY)
  • Cost of sales was N504.7 million (+40% YoY)
  • Administrative expenses totalled N323.4 million. (-8% YoY)
  • Total assets for the period stood at N2.05 billion
  • Profit for the period was N9.47 million. (+109% YoY)
  • Earnings per share of 2 kobo. (+110% YoY)

See link to results.

International Breweries Plc announces board meeting, closed period.

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International Breweries Plc has announced that its board of directors will meet on Wednesday 27h of October, 2021 to deliberate on the company’s unaudited financial results for the period ended September 30, 2021 and other related matters.

Consequently, the company announced that it has already commenced a closed period from September 30, 2021. The closed period is expected to persist until 24 hours after the firm’s unaudited financial statements have been filed with the Nigerian Exchange Group Limited and made public.

This is according to a disclosure signed by the company’s secretary, Muyiwa Ayojimi and sent to the Nigerian Exchange Group Limited (NGX).

It is pertinent to note that the closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.

For more information about the board meeting, click HERE.

 

Cutix Plc CEO sells off shares worth N3.9 million.

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The Chief Executive Officer of Cutix Plc, Mrs. Oduonye Ijeoma Agnes, has sold off 795,000 units of the company’s shares, valued at ₦3.9 million.

This is contained in a notice signed by the company’s secretary, Chinwendu Nwokporo, and forwarded to the Nigerian Exchange Limited (NGX).

According to the disclosure, the transaction which took place on the 5th of October, 2021 at the floor of the NGX, saw the CEO  disposed 795,000 units of shares at an average price of N4.92 per share. This put the total consideration for the shares purchased by the CEO at ₦3,911,400.

It is imperative to note that the disclosure is in line with The Exchange’s policy on insider dealings. It is pertinent because it helps to engender transparency and maintain public trust in the financial system.

What you should know:

  • As at 31st of July 2021, Mrs. Oduonye Ijeoma Agnes holds about 4,795,000 units of direct shares in Cutix Plc, translating to about 0.39% of the total shareholdings in the firm.
  • Cutix Plc closed trading for the week ended 8th of October, 2021 at N4.85/share on the floor of the Nigerian Exchange Limited (NGX).