Companies Announce Closed Period, Set to Release 2023 Results

Listed companies on the floor of the Nigerian Exchange Limited (NGX) have announced a closed period in anticipation to release 2023 financial year results and declared dividend payout to shareholders.

According to THISDAY investigation, Zenith Bank Plc, Access Holdings Plc, MTN Nigeria Communications Plc, Lafarge Africa Plc, Ecobank Transnational Incorporated, BUA Cement Plc, United Bank for Africa Plc (UBA) and Zenith bank Plc have notified the stock market communities of board meetings and closed period.

The likes of International Breweries Plc, Mutual Benefits

Assurance Plc, Seplat Petroleum Plc, Dangote Cement Plc have announced board meeting scheduled for this month.

In a notice sighted by THISDAY, the company secretary, Zenith Bank, Mr. Michael Otu said, “In line with the provisions of the Rulebook of the Exchange, 2015 (issuers Rules) Zenith Bank hereby informs its shareholders, the NGX, and the investing public that the board of Directors off the Bank is scheduled to meet on Wednesday, January 31, 2024 to consider the group’s audited financial statements for the financial year ending December 31, 2023. The board may also consider issues relating to other full year dividend.”

In addition, Company Secretary/CLO, BUA Cement, Satomi Hauwa in notice said, “We are writing to inform the Nigerian Exchange Limited (NGX) and the investing public that the meeting of the Board of Directors of BUA Cement Plc (the Company) has been scheduled to take place on the 29th of February 2024 to consider the Company’s Audited Financial Statements for the period ending 31st December 2023.”

All the listed companies are required to comply with some rules and regulations, including strict adherence to high disclosure standards as prescribed in the NGX listing rules.