The Board meeting of Dangote Cement Plc that was schedule to hold on 23 October has been postponed. The revised date shall be communicated as soon as the date is decided upon, according to a corporate action release to The Nigerian Stock Exchange earlier today.
According to the release signed by Edward Imoedemhe, Deputy Company Secretary, “This is to announce that the Board, after due consultation and considering the precarious situation presently in Nigeria, (particularly in Lagos) has approved that the Board meeting has been postponed to hold when it is expected that things would have settled down and normalcy returned.”
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The Nigerian Stock Exchange has given a NO OBJECTION to the postponement of the Board meeting as well as other meetings slated to hold this week; the Finance and Investment Committee meeting and the Statutory Audit Committee meeting.
The board meeting was for the third quarter and would have considered amongst other things, the 9 months financial statements of the company for the period ended 30th September, 2020.
In view of this, the ongoing Closed Trading Period will continue until twenty-four (24) hours after the relevant resolutions taken at the said Board meeting, are released to the public.
The Closed Trading Period 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.
Accordingly, no Insider may deal in the securities of the Company during the Closed Trading Period.
By; Nnamdi M.
