Dipo Olowookere
By Dipo Olowookere
United Bank for Africa (UBA) Plc, which is one of the tier-one lenders yet to submit their half year financial results for the period ended June 30, 2019, has said its board would hold a crucial meeting on Thursday, August 22, 2019.
The main purpose of this gathering, according to a disclosure on Tuesday, August 06, 2019, is to consider the company’s financial status before being forwarded to the Central Bank of Nigeria (UBA) for further scrutiny.
In the notice sent to the Nigerian Stock Exchange (NSE) today, the financial institution said the meeting would commence on that day by 9am in Lagos.
“The board of directors of United Bank for Africa Plc is scheduled to meet in Lagos at 09:00am on Thursday, August 22, 2019 to consider, amongst other matters, the Audited 2019 Half Year Financial Results for the period ended June 30, 2019,” the statement signed by the company secretary, Bili Odum, said.
It was further stated that, “The results would only be published after relevant regulatory approval.”
In addition, UBA said in compliance with the NSE Rule Book and the Amendments to the Listing Rules, its closing period for trading in the bank’s shares has commenced from Tuesday, August 6, 2019 in respect of the 2019 Half Year Financial Results for the period ended June 30, 2019.
“Accordingly, no director, person discharging managerial responsibility, employee with sensitive information, adviser, and consultant of the bank and their connected persons may directly or indirectly deal in the securities (shares and bonds) of the bank until 24 hours after the release of the audited 2019 Half Year Financial Results for the period ended June 30, 2019 to the Nigerian Stock Exchange,” the statement said.
