Dangote Cement Plc (NGX: DANGCEM) has announced that a meeting of the Board of Directors of the company will be held on October 28, 2021.
This was contained in a corporate action notification published on the Nigerian Exchange on Friday.
The document signed by Edward Imoedemhe Deputy Company Secretary also stated that in view of the meeting, the company will commence a closed trading period from October 1, 2021 until twenty-four (24) hours after the financial statements are published through the NGX Issuers’ Portal.
During the closed period, no Insider may deal in the securities of the Company, and it is applicable to all parties that may at any time possess sensitive information that may materially affect the price of the securities of the Company, said Dangote Cement Plc.
In the first half of the year ended June 30, 2021, Dangote Cement Plc recorded strong sales and profit after tax.
The revenue for the period grew by 44.8% to N690.55 billion, while the profit after tax rose by 51.9% to N191.63 billion, compared to the first half of 2020.
The equity closed flat at N245 per share on Friday. It has remained at N245 per share on the floor of the Exchange since September 2, 2021.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.