Several companies have, in the last few months, had their Annual General Meetings, AGMs. Shareholders of each company have considered the annual report and accounts of their company for the year 2013 and have also declared at the AGM a dividend to be paid to shareholders from the profits of the company. We still expect results from some companies whose financial year does not end on 31st December.
Such companies include
From the results submitted to the
Following on its AGM,
The company has experienced resurgence in its share price which also closed at about N250 per share on Friday,
Following on its AGM,
For example, the
The project promoters should at this juncture concentrate resources on one of the high-rise buildings such that one building would be completed before the administration of
Otherwise, the project would be subject to further delays whilst various probes, studies etc are carried out by the new administration.
The current directors of UBN should not ignore the circumstances in which some of these accumulated losses were inflicted on the company by the previous directors of the company. There is available evidence before the courts to the effect that funds belonging to UBN were misapplied by previous directors in the purchase of UBN shares.
However, the courts have only given a decision on whether there was manipulation of UBN's share prices on the NSE over a period of time. UBN and the previous directors have entered appeals against the decision on share price manipulation. One hopes that UBN would not eventually have to pay substantial sums as compensation when the appeals processes are completed whilst the previous directors walk away free from the issue of misapplication of UBN funds.
Shareholders are still not receiving annual reports, whether in paper format or CD-format. We have received reports from NBPlc, Mobil Oil and lists of unclaimed dividends No 10 - No 14 for
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