Dangote Cement Plc has disclosed that a meeting of the Board of Directors of the company will be held on July 29, 2021.
This was contained in a corporate action notification published on the Nigerian Exchange on Monday.
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 July 1, 2021 until twenty-four (24) hours after the relevant resolutions passed at the Board meeting, are released to the public.
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.
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In the first quarter of 2021 ended March 31, Dangote Cement Plc grew its revenue to N332.65 billion from N249.18 billion reported in Q1 2020.
The profit after taxation also rose to N89.71 billion in Q1 2021 from N60.59 billion in Q1 2020.
In 2020, the company reported a total revenue of N1.03 trillion and a profit after tax of N276.07 billion. A dividend of N16 per share was paid to the company’s shareholders for the 2020 financial year.
Read more: List of Dividends announced in 2021, qualification and payment dates
The equity closed at N221.00 per share on Friday. It remains unchanged on the floor of the Exchange at the time of this report.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
