ASHAKACEM PLC – Voluntary Delisting
The shares of Ashakacem Plc. have been delisted from the Daily Official List of the Exchange effective today, 4th July, 2017. The Company’s application for voluntary delisting was approved by the Exchange on 25th May, 2017.
Consequently, shareholders who opted to exit the Company via the Tender Offer by Lafarge Africa Plc. prior to delisting will receive 57 Lafarge Africa (WAPCO) shares for every 202 Ashakacem shares they held and a cash consideration of N2 for every Ashakacem share held.
Shareholders who do not want to remain in the unlisted Ashakacem will be entitled to receive a payment of N15.74 per share from the Company.
STANBIC IBTC HOLDINGS PLC – Appointment of Non-Executive Director
Stanbic IBTC Holdings Plc. has announced the appointment of Professor Fabian Ajogwu SAN as an Independent Non-Executive Director on its board with effect from 3rd July, 2017. Prof. Fabian Ajogwu, is a Professor of Corporate Governance at the Lagos Business School.
INFINITY TRUST MORTGAGE BANK PLC – Financial Result for the 6 Months Ended 30th June, 2017
Turnover: 1% increase from N401.4m to N406m
Profit/(Loss) after Tax: 26% decrease from N134.7m to N100.2m (6M 2017 EPS, 4.80 kobo; 6M 2016 EPS, 6.46 kobo)
BERGER PAINTS NIGERIA PLC – End of Strike Action
Berger Paints Nigeria Plc. has announced the end of the strike action by its staff over the cessation of gratuity with effect from 28th June, 2017.
FLOUR MILLS OF NIGERIA PLC – Audited Financial Result for the Year Ended 31st March, 2017
Revenue: 53% increase from N342.6bn to N524.5bn
Profit/(Loss) after Tax: 39% decrease from N14.4bn to N8.8bn (FY 2017 EPS, 303 kobo; FY 2016 EPS, 557 kobo)
Proposed Dividend: 2017: 100 kobo (2016: 100 kobo)