Stanbic IBTC Holdings Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.
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PZ Cussons Nigeria Plc released its unaudited financial statement for the first quarter of the year (Q1, 2021) ended 31st of August 2021.
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Northern Nigeria Flour Mills Plc released its unaudited financial results for the second quarter of the year (Q2, 2021) ended September 30, 2021.
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UPDC Plc released its unaudited financial results for the nine months period ended 30th of September, 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.
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UAC of Nigeria Plc has announced the retirement of Dr. Okechukwu John Mbonu from its Board as a Non-Executive Director, effective October 15, 2021.
This is according to a disclosure signed by the Company’s Secretary, Nkemdirim Agboti, which partly reads: ‘’ UAC of Nigeria PLC (“the Company”) wishes to inform the Nigerian Exchange Limited, and the investing public that Dr. Okechukwu John Mbonu, a Non-Executive Direcor of the Company, has retired from the Board of Directors (“the Board”), effective October 15 2021.’’
About Dr. Okechukwu Mbonu
Dr. Okechukwu John Mbonu is an experienced executive manager with history of hand-on experience in senior management and consulting positions. He has strong entrepreneurial skills and competencies in business strategy, planning, transformation, marketing & sales operations, governance, among others. He is currently a partner in Execution Edge Limited, an innovative and value-focused advisory firm based in Nigeria.
Dr. Mbonu was appointed to the Board of UAC of Nigeria Plc., on the 25th of November, 2015. He also served as a member of the Governance and Remuneration Committee of the Company until his retirement. Prior to joining the Board, Dr. Mbonu had served in various leadership positions in renowned institutions, such as: PricewaterhouseCoopers (PWC) Nigeria, Cutix Plc, Nigerian Breweries Plc., among others.
He attended the prestigious University of Manchester, UK, where he obtained a Bachelor’s (Distinction) and Master’s degrees in Mechanical Engineering. In addition, he is a fellow of the Nigerian Society of Engineers and the Nigerian Academy of Engineering.
Meanwhile, UAC of Nigeria Plc., closed trading today 18th of October, 2021 with a share price of N10.85 per share.
Lotus Capital Limited has declared its Q3, 2021 dividend distribution of N22/unit to unit holders in the Lotus Halal Fixed Income Fund, whose names appear on the company’s register as at Thursday, October 14, 2021.
This is according to a notification issued by the firm to its unit holders, as seen by Nairametrics.
Accordingly, payment will be made by the Fund Manager of the Lotus Halal Fixed Income Fund on Tuesday, October 19, 2021
The recent declaration raises the total amount of dividend distributed under this category of investment; Lotus Halal Fixed Income Fund, to N62.85 per unit, since the beginning of this year. Recall that firm had earlier paid its fixed income fund unit holders a dividend of N20 per unit in the first quarter of the year (Q1, 2021) on April 15, 2021. It subsequently followed this up with another payment of N20.85 per unit in the second quarter of the year (Q2, 201) on July 13, 2021.
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Secure Electronic Technology Plc released its unaudited financial statements for the third quarter ended 30th of September, 2021.
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Renowned Dutch brewing company, Heineken N.V, has launched a mandatory takeover bid for the acquisition of up to 1,196,799,164 ordinary shares (the ‘’Offer Shares’’) from the other shareholders of Champions Breweries Plc. The Dutch giants made the offer through its wholly-owned subsidiary, Raysun Nigeria Limited.
This is according to a recent notice signed by the Chairman of Champions Breweries Plc., Dr Elijah Akpan, and filed with the Nigerian Exchange Limited (NGX).
According to the disclosure, the mandatory take-over is being effected in accordance with the directives of the regulator subject to the provisions of Section 131, Part XII of the Investment and Securities Act, No. 29, 2007 (as amended) and Rule 445 of the Securities and Exchange Commission (“SEC”) Rules and Regulations, 2013 (as amended).
Recall that in January 2021, Raysun Nigeria Limited had acquired over 1.9 million shares of the local brewer- Champion Breweries at N2.60 per share, totalling N4.95 billion. The transaction helped to raise the ownership stake of Raysun from about 60.5% recorded as of 31st of December, 2020 to 84.7% in January 2021. The deal gave Raysun the leverage to launch a takeover bid.
Subsequently, on 10th of May 2021, the Board of Raysun granted approval for a take-over offer to be made to all the other remaining shareholders of the Company other than Raysun, for the acquisition of the Offer Shares representing 15.3% of the total issued and fully paid-up share capital of the Company.
Additionally, it is imperative to note that Raysun has received the Securities and Exchange Commission’s (SEC) authority to proceed with the Offer and will file the offer document with the regulator, for registration purpose. Following the registration, Raysun will make a tender for the Offer Shares, which the Shareholders may either accept or turn down.
What you should know:
Juli Plc released its financial results for the half year period ended 3oth of June, 2021.
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