MTN Nigeria Communications Plc (NSE – MTNN) on Tuesday announced that the Board of Directors of the company has scheduled a meeting to consider and approve the unaudited consolidated financial statements for the first quarter of 2021, ending 31 March 2021.
The disclosure was made in a corporate action filing with the Nigerian Stock Exchange. According to the filing, the meeting will be held on Thursday, 29th April 2021.
Consequently, the company has declared a closed period, thus no “director, employee, adviser of the company and their connected persons” shall trade in the securities of MTN Nigeria Communications Plc starting from Thursday 1st April until 24 hours after the financial statements have been released to the public.
“Other agenda items” will also be considered at the meeting according to the filing.
In 2020, MTN Nigeria Communications Plc grew its revenue to N1.35 trillion revenue from N1.17 trillion in 2019.
The profit for the year rose to N205.21 billion from N203.28 billion recorded in 2019.
The Board of Directors recommended the payment of a final dividend of N5.90 per ordinary share of 2 kobo each subject to shareholders’ approval at the forthcoming Annual General Meeting (AGM).
The qualification date and the payment date is 4th May 2021 and 26th May 2021.
The share price of MTN is down by 2.91% to N160.90 per share on the floor of the Exchange on Wednesday at the time of this report.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.