Bua Cement Plc on Tuesday, notified the Nigerian stock Exchange and the Investing Public of the meeting of the Board of Directors, which will be held on Tuesday 21 July 2020.
The meeting will be held virtually via Zoom at 11:00am, to consider among other things, the company’s unaudited financial statements for the period ended 30 June 2020 according to the notification signed by the company’s secretary, Ahmed Aliyu Esq.
The company also declared a closed period for trading in the company shares, with effective date of Tuesday 7 July 2020, in compliance with the post listing requirements on the listed companies on NSE.
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Accordingly, no Director, Manager and other related and interested parties that may be privileged to have sensitive information, which may materially affect the price of the securities of the company, and persons connected to them may directly or indirectly deal in the shares of the company “until 24 hours after the release of the audited financial statements to the Nigerian Stock Exchange and the public.”
The share price of Bua Cement closed at N40.90 on Tuesday and currently remained unchanged.
The 52 week high and low prices are N44.00 and N27.65 respectively.
In the first quarter of 2020, the company posted an increase in revenue to N53.969 billion from N43.134 billion recorded in the same period in 2019.
The profit after tax rose to N19.790 billion from N15.682 billion in Q1 2019. The company’s Earnings per Share (EPS) stood at 58kobo.
Bua Cement proposed a dividend of N1.75 per 50kobo ordinary share for the period ended 31 December 2019.
The qualification date and payment date for the dividend is 25 September 2020 and 23 October 2020 respectively.
The company’s registrar is Africa Prudential Plc.