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Tag: Shareholders

Business

Neimeth pharmaceuticals shareholders approve ₦1.99bn capital restructuring scheme transfer

Shareholders of Neimeth International Pharmaceuticals Plc have approved a major capital restructuring scheme that will reduce the company’s share premium account from N2.38 billion to N390.02 million and transfer N1.99 billion to its retained earnings reserve. Nairametrics reported that the approval was granted at a Court-Ordered Meeting held virtually, where shareholders backed up the Scheme […]

Business

Shareholders excited as company returns after 12-year shutdown

Shareholders of Austin Laz Company Plc have lauded the management for returning to operations after over 12 years of being out of production. Speaking at the Annual General Meeting of the company on Tuesday in Benin for the year ending 2024, shareholders lauded the management and Board of Directors for their resilience, doggedness, innovation and […]

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 […]

Agribusiness shareholders to raise N5bn capital
Business

Agribusiness shareholders to raise N5bn capital

Ellah Lakes Plc’s shareholders have approved a plan to raise approximately N5 billion in stock. The PUNCH reported that the shareholders gave their consent at the company’s latest Annual General Meeting. Resolutions from the AGM were submitted to the Nigerian Exchange Limited on Thursday. “That, the Board of Directors be and is hereby authorized to raise up to […]

NGX Group reports N5.2bn after tax
Business

NGX shareholders gain over N2trn in five days

Alex Omenye In five trading days, from December 27, 2023, to January 3, 2024, the value of stocks listed on the NGX increased by around N2.063 trillion. This increase was accompanied by a 5.11% increase in the NGX All-Share Index. Starting on December 27 at 73,768.64 points, this increasing trend reached a closing value of […]

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