Union Dicon Salt Plc, (NGX: UNIONDICON) a company engaged in the processing and distribution of crude, refined, and iodized edible salt, has issued a public announcement seeking to urgently contact its majority shareholder, Aims Limited.
In a formal notice dated 3rd March 2026, and in compliance with Rule 17.5 of the Nigerian Exchange Limited Rulebook for Issuers (2015), the company disclosed that Aims Limited holds 64,000,000 shares, representing 40% of the total issued shares of Union Dicon Salt Plc making it the majority shareholder.
This positions Aims Limited as the single largest shareholder in the company.
The announcement highlighted that Union Dicon has made several unsuccessful attempts over an extended period to communicate or reach representatives of Aims Limited.
Despite these efforts, the company has been unable to establish contact.
As a result, Union Dicon is publicly appealing to Aims Limited or its representatives to get in touch immediately.
The company provided the following contact channels:
Physical address: Kirikiri Lighter Terminal, Kirikiri Phase 2, Apapa, Lagos, Nigeria
Phone: 09039296466 (Company Secretary)
This development comes amid the company’s ongoing operations, which have shifted in recent years toward alternative revenue stream while its core salt processing activities face challenges.
Historical filings indicate that Aims Limited’s stake was previously reported at around 28% in earlier financial statements, suggesting a possible change in shareholding structure or updated disclosure that now reflects the 40% holding.
Investors and stakeholders are advised to monitor any further updates from the company or NGX regarding this matter, as failure to engage could have implications for corporate compliance and decision-making processes.
Union Dicon Salt Plc, chaired by Lt. General T.Y. Danjuma (Rtd) GCON, remains listed on the Nigerian Exchange (NGX: UNIONDICON) and operates from its facility in Lagos.
Administrator and Writer
