CORPORATE ANNOUNCEMENTS – 2nd March, 2017

NESTLE NIGERIA PLC – Audited Financial Result for the Year Ended 31^st December, 2016
Revenue: 20% increase from N151.3bn to N181.9bn
Profit after Tax: 67% decrease from N23.7bn to N7.9bn (FY 2016 EPS, N10.00; FY 2015 EPS, N29.95)
Read More…

Corporate Action
Proposed Dividend:     N10.00 (2015, N19.00)
Proposed Bonus:         Nil
Closure Date:              8^th – 12^th May, 2017
AGM Date:                  23^rd May, 2017
Payment Date             24^th May, 2017
AGM Venue:                Muson Centre, Onikan, Lagos

CORNERSTONE INSURANCE PLC – Appointment of New Directors
Cornerstone Insurance Plc. has announced the appointment of Ms. Elizabeth Amadiume and Mr. Tony Egbuna as Directors of the Company.

Elizabeth is presently a member of the Board of Directors of the African Reinsurance Corporation (South Africa) Limited, while Tony was a consultant on Risk Management and Internal Controls at Jefferson Wells, Charlotte, NC, USA.
Read More…