PORTLAND PAINTS & PRODUCTS NIGERIA PLC – Board Meeting
The Board of Directors of Portland Paints & Products Nigeria Plc. will meet on 21st March, 2017 to consider the 2016 Audited Financials of the Company. In that regard, the Company declared a Closed Period which began on 6th March, 2017 and will end 24 hours after the release of the results.
ETERNA PLC – Board Meeting
The Board of Directors of Eterna Plc. will meet on 28th March, 2017 to consider, among other matters, the 2016 Audited Financials of the Company as well as a dividend payment proposal.
CONTINENTAL REINSURANCE PLC – Audited Financial Statements for the Year Ended 31st December, 2016
Insurance Premium Revenue: 22% increase from N20.7bn to N25.3bn
Profit after Tax: 46%increase from N2.1bn to N3.1bn (FY 2016 EPS, 28 kobo; FY 2015 EPS, 19 kobo)
Proposed Dividend: 14 kobo (2015: 12 kobo)
Proposed Bonus: Nil
Closure Dates: 14th July, 2017
GUINNESS NIGERIA PLC – Update on the Dispute with Pharma Deko Plc.
Further to a court process filed by Pharma Deko Plc. which alleges that Guinness Nigeria Plc. is contractually indebted to Pharma Deko in the sum of N175,699,317.99, Guinness has announced that it has filed a defence to the claim including an application asking the court to strike out the petition for want of jurisdiction. Guinness noted that the claimed sum is for a nominal amount compared to its revenue, cash flow and balance sheet.
ACCESS BANK PLC – Price Adjustment for Dividend
The share price of Access Bank Plc. was adjusted today for a dividend of 40 kobo per share as recommended by the Board of Directors of the Bank. Its last closing price was N6.69; hence, its ex-div price was N6.29.