Total Nigeria Plc, has notified the Nigerian Stock Exchange and the investing public that the Board of Total Nigeria Plc (the Company) will meet on Thursday 23rd July, 2020 to consider the Company’s Unaudited Financial Statements for the quarter ended 30th June, 2020.
This was contained in a notification signed by the Company Secretary, Bunmi Popoola-Mordi.
The company in line with the post-listing requirements of The Nigerian Stock Exchange the Company will commence a closed period for trading in the Company’s shares from 9th July, 2020 until 24 hours after the unaudited Accounts for 2020 is released to the public.
Accordingly, no Director, employee, person discharging managerial responsibilities and adviser of the Company and their connected persons may directly or indirectly deal in the shares of the Company in any manner during the closed period.
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Total Nigeria is into the business of marketing of Petroleum Products. In the company’s first quarter 2020 Financial Statements for the period ended 31 March 2020, revenue declined by 9% to N70.241 billion from N77.422 billion recorded in the same period in 2019.
The company recorded Loss for the period to the tune of minus N163.224 million down from minus N474.089 million recorded in the same period in 2019.
The share price of Total Nigeria stands at N97.50 per share and has remained unchanged since 19 June 2020.
The 52 week high and low prices are N130.00 and N96.10 respectively.