Tag: Shareholders

News

Shareholders endorse Unity, Providus banks’ merger

Members of the minority investor community have expressed support for the Central Bank of Nigeria’s approval of the merger of Unity Bank Plc with Providus Bank. On Tuesday, the CBN confirmed in a statement signed by its acting Director of Corporate Communications, Hakama Sidi, that the merger of Providus Bank and Unity Bank had been […]

News

Shareholders commend SEC’s rejection of PZ Cussons’ buyout, delisting proposal

Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria applauded the rejection of PZ Cussons’ bid to acquire shares of minority shareholders and delist from the NGX by the Securities and Exchange Commission. In a corporate disclosure, PZ Cussons (Holding) intended to buy the shares held by other PZ Cussons Nigeria shareholders […]

Cadbury's $7m debt to stock conversion approved by shareholders
Business

Cadbury’s $7m debt to stock conversion approved by shareholders

The conversion of an outstanding $7.72 million (N7.04 billion) intercompany loan owed to Cadbury Schweppes Overseas Limited, the company’s principal shareholder, to equity has been approved by Cadbury Nigeria Plc’s shareholders. The shareholders gave their approval at the Extraordinary General Meeting, which was held in Lagos recently. The company disclosed that between February 2021 and […]