Mutual Benefits Assurance Plc appoints Apel Capital Ltd. as new company Registrar.

Chidi Emenike 1 Comment

Mutual Benefits Assurance Plc has announced the appointment of Apel Capital Registrars Limited as its new company registrar, with effect from 1st of September, 2021.

In a statement signed by the company’s secretary, Ide Ibitayo, and made available on the website of the Nigerian Exchange Limited (NGX), the firm stated that the new registrar will take over from Meristem Registrars and Probate Service Limited.

Confirming the recent development, an extract of the recent notice read: ‘’Mutual Benefits Assurance Pic (Mutual Benefits Assurance or the Company) wishes to inform its valued shareholders, investing public and key stakeholders that the Company has appointed a new registrar – Apel Capital Registrars Limited. The appointment takes effect from September 2021. Apel Capital Registrars Limited will replace Meristem Registrars and Probate Services Limited.’’

What you should know about Apel Capital Registrars Limited.

Apel Capital Registrars Limited is a private company limited by shares, and a wholly owned subsidiary of Apel Group. It is one of the leading registrars in Nigeria, offering diverse services such as; primary market services, investor relations, employee share plan, dividend reinvestment plan, post primary market services, among others. Some of its notable clients include Chapel Hill Denham, Lasaco Assurance Plc, AIICO Balanced Fund, International Breweries Plc, NEM Insurance Plc, among others.

 

 

Tantalizers Plc set to hold 23rd Annual General Meeting (AGM) on September 27.

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Tantalizers Plc has announced that it will be hosting its 23rd Annual General Meeting on the 27th of September, 2021. The meeting will be held at the firm’s training hall located in its head office at Lagos, by 10:00 am prompt,

This is according to a statement issued by the company and signed by its secretary, Bamidele A. Dambo.

According to the notice, some of the issues to be discussed include;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee, among others.

In view of the directives on physical distancing and the restriction on maximum number of people at every gathering due to the COVID-19 pandemic, the meeting will hold by proxy in accordance with section 254 of the Companies and Allied Matters Act 2020 and as approved by the Corporate Affairs Commission.

Additionally, the AGM will be streamed live online, to enable shareholders and other relevant stakeholders who will not be attending the meeting physically to also be part of the proceedings. The link for the live streaming will be made available on the company’s website: www.tantalizersnig.com

What you should know:

  • Tantalizers Plc had earlier reported a loss after tax of N97.75 million in Q1 2021.
  • As at the period of reporting this, Tantalizers Plc is currently trading at 20 kobo on the floor of the Nigerian Exchange Limited (NGX).

For more information about the AGM, click HERE.

 

 

Cutix Plc grows profit after tax by 5% to N137.02 million in Q1 2021.

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Cutix Plc released its unaudited financial results for the first quarter of the year ended 31st of July, 2021.

  • Revenue for the period was N1.86 billion. (+25.3% YoY)
  • Cost of sales was N1.39 billion. (+27.6% YoY)
  • Administrative expenses totalled N188 million. (+44.5% YoY)
  • An operating profit of N234.97 million was declared.
  • Profit for the period was N137.02 million. (+5% YoY)
  • Earnings per share of 8 kobo Vs 7 kobo YoY.

See link to results.

Juli Plc reports a loss of N26.9 million in FY 2020.

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Juli Plc released its unaudited financial statements for the period ended 31st of December, 2020.

  • Revenue for the period was N247.45 million (-30.3% YoY)
  • Cost of sales was N176.8 million. (-33.4% YoY)
  • Administrative expenses totalled N97.55 million (-25.7% YoY)
  • A loss of N26.9 million was incurred during the period.
  • Total assets during the period stood at N172.4 million

See link to results.

R.T Briscoe confirms Sunday Nwosu as Chairman, appoints new company secretary.

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R.T. Briscoe Nigeria Plc has confirmed the appointment of Sir Sunday Nnamdi Nwosu as substantive chairman of the company, with immediate effect.

In a statement filed with the Nigerian Exchange Limited (NGX), the firm revealed that the decision to confirm his appointment was taken during the recently concluded Board meeting of the company, held on the 26th of August, 2021.

The confirmation comes four (4) years after he was first appointed to the Board as an Acting Chairman on April 27, 2017. Confirming the recent development, the firm in a notice said: ‘’At the meeting of the Board of R.T. Briscoe (Nigeria) PLC (“the Company”) held on August 26, 2021, the Board, appointed Sir Sunday Nnamdi Nwosu who had previously served in acting capacity, as the Chairman of the Company with immediate effect. Sir Sunday Nnamdi Nwosu, Kss, GCOA, MIoD was appointed to the Board of R.T. Briscoe on March 27, 2014, and as acting Chairman on April 27, 2017.’’

In a similar development, the firm in a separate disclosure announced the appointment of Mr Michael Olabode as an acting Secretary of the Company. Mr Michael was appointed to replace the outgoing Secretary, Mr Olukayode Adeoluwa who recently announced his retirement from the firm, effective from the 31st of August, 2021.

Mr. Michael Olabode holds bachelor and masters’ degrees in law from the Obafemi Awolowo University, Ile-Ife and the Lagos State University, Ojo respectively. He is an Associate Member of the Chartered Institute of Arbitrators of Nigeria and had worked in private legal practice and some real estate companies before joining the Company in 2009 as Manager, Legal Services. He was appointed the Legal Adviser in 2012.

 

Zenith Bank proposes interim dividend of N9.42 billion for 2021 half year.

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Zenith Bank Plc, one of Nigeria’s most capitalized financial institutions, has proposed to pay the total sum of N9.42 billion as interim dividends to its shareholders for the half year period ended 30th of June, 2021.

The company is expected to pay an interim dividend of 30 kobo per share on all the outstanding 31,396,493,786 ordinary shares of the company, amounting to N9.42 billion

This is according to a notice uploaded on the website of the Nigerian Exchange Limited (NGX) today, and signed by the company’s secretary, Michael Osilama Etu.

According to the disclosure, the interim dividend will be paid electronically to shareholders on the 20th of September, 2021, subject to appropriate withholding tax. Other pre-requisite conditions for payment are;

  • Only shareholders, whose names appear in the registrar of members as at the close of business on 10th of September, 2021 will be considered.
  • Shareholders must have completed the e-dividend registration and must have mandated the Registrar (Veritas Registrar Limited) to pay their dividends directly into their bank accounts.

To facilitate the payment, the financial giant noted that its register of shareholders will be closed on 13th of September, 2021.

What you should know:

  • Zenith Bank had earlier declared a half year profit of N106.12 billion in HY 2021, indicating a slight increase of about 2.2% YoY. Other key financial metrics like its net interest income, EPS, etc., all recorded an increase during the period under review.
  • The Bank officially closed trading today 27th of August, 2021 with a share price of N24.40.

 

 

Golden Guinea Breweries Plc announces death of its Managing Director, Ifeanyi Idika.

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Golden Guinea Breweries Plc has announced the death of its Managing Director, Mr Ifeanyi Godfrey Idika, who passed away after a brief illness.

His death was confirmed in a press statement that was signed by the company’s secretary, Udo Ogaranya, and made available on the website of the Nigerian Exchange Limited (NGX).

An excerpts of the recent press statement read: ‘’Golden Guinea Breweries Plc. (the Company) wishes to inform its shareholders about the demise of its Managing Director, Mr Ifeanyi Godfrey Idika. He died on Tuesday, 10th August, 2021 in Umuahia, Abia State.’’

Consequently, in a bid to fill the void created by the sudden demise, the Board of Directors appointed Engr. Okechi N. Ndukwe as Acting Managing Director of the company. According to the notice, Engr. Ndukwe has been with the company for many years, occupying key positions such as the Technical Director.

What you should know about late Mr Idika

Mr Ifeanyi G. Idika is a seasoned Brewer and Manager. He was previously the Managing Director of Vitamalt Plc and served on the Board of Lawsons Corporation. He is a product of Kings College, the University of Lagos and the Graduate School of Business Administration of Harvard University, Boston USA. The late Mr Idika had extensive training attachments with various international brewing groups like the Whitbread Group in the UK, the Pripps Group in Sweden, the Stella Artois Group in Belgium and the Cerekem Group in Denmark.

Mr. Idika was appointed as Managing Director of Golden Guinea Breweries Plc on June, 2018. He is survived by his wife and children.

May his gentle soul rest in perfect peace.

Zenith Bank post profit after tax of N106.12 billion in HY 2021

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Zenith Bank Plc released its interim financial statements for the six months period ended 30 June, 2021.

  • Net interest income for the period was N159.94 billion. (+1.6% YoY)
  • Net income on fees and commission of N47.66 billion. (+42.3% YoY)
  • Operating expenses totalled N97.6 billion. (+17.9% YoY)
  • Deposits from customers stood at N5.77 trillion.
  • Profit after tax for the period was N106.12 billion. (+2.2% YoY)
  • Earnings per share of N3.38 Vs N3.30 YoY.

See link to results.

 

 

Guinness Nigeria grows profit by 110% to N1.26 billion in FY 2020.

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Guinness Nigeria Plc released its full-year audited financial statement for the year ended 30th of June, 2021.

  • Revenue for the period was N160.42 billion. (+54% YoY)
  • Cost of sales was N114.71 billion. (+61% YoY)
  • Administrative expenses totalled N10.5 billion. (-27% YoY)
  • Operating profit was N9.87 billion (+177% YoY)
  • Profit for the year was N1.26 billion. (+110% YoY)
  • Earnings per share of 57 kobo. (+110% YoY)
  • The Board recommended dividends totalling N1 billion.

See link to results.

ABC Transport to hold AGM on September 17th.

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The Board of ABC Transport Plc has announced that it will be hosting its 28th Annual General Meeting on the 17th of September, 2021.

According to a disclosure signed by the company’s secretary, Onyekachukwu Chigbo, the AGM will hold at Mayfair Suites and Conference Centre, Owerri-Imo State, on the aforementioned date and by 11:00am prompt.

The following issues will be addressed at the AGM;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee.

What you should know:

  • ABC Transport Plc had earlier reported a loss of N73.08 million in the first quarter of the year (Q1, 2021).
  • In line with CAC guidelines, attendance at the AGM will be by proxy. Sequel to this, a list comprising of six (6) representatives authorized to represent shareholders, have been made available.
  • The Annual General Meeting will be streamed live from the company’s website: www.abctransport.com and on the Registrars website: www.firstregistrarsnigeria.com

For more information about the AGM, click HERE.