UBA Board Meets July 20 to Consider Accounts, Interim Dividend

By Modupe Gbadeyanka

The board of directors of United Bank for Africa (UBA) Plc will next week meet to deliberate on the company’s accounts and financial statements for the half year ended June 30, 2017.

A statement signed by the Secretary of the lender, Mr Bili Odum, noted that the board will also consider interim dividend for the period at the meeting.

The event, according to the statement, is precisely slated for Thursday, July 20, 2017 by 10am in Lagos.

“Please note that the board of directors of UBA Plc will meet in Lagos by 10am on Thursday, July 20, 2017 to deliberate on the accounts and financial statements of the bank for the half year ended June 30, 2017 and proposals for interim dividend for the period will also be considered,” Mr Odum said.

He emphasised that after the board considers the financial results, it would then forward the documents to the Central Bank of Nigeria (CBN) for approval before making it available to the Nigerian Stock Exchange (NSE) for its shareholder and the investing public to peruse.

“Please note that we are by regulations, required to forward the audited accounts and financial statements to the Central Bank of Nigeria (CBN) for approval, prior to the release of the results on the floor of the Nigerian Stock Exchange (NSE).

“Accordingly, we shall notify the exchange of the decision of the board of directors after the meeting and submit the accounts to the NSE upon approval of the CBN,” the Group Secretary said.

Already, in line with post-listing requirements of the NSE for quoted companies, UBA has announced commencement of its closed period on July 6, 2017 in respect of the financial statements for the period ended June 30, 2017.