Dangote Cement Declares Closed Period as Board Meets July 26

By Dipo Olowookere

On Friday, July 26, 2019, the board of Dangote Cement Plc will hold a meeting for the consideration of its unaudited financial statements for the period ended June 30, 2019.

A statement issued by the cement maker said the company’s half-year results in one of the matters to be discussed at the meeting.

However, the notice kept mute on whether issues concerning the payment interim dividend to shareholders would be discussed at the gathering.

“This is to inform the NSE and all investors that a meeting of the board of directors of Dangote Cement will be held on July 26, 2019.

“One of the matters scheduled for consideration is the unaudited financial statements for the period ended June 30, 2019,” the disclosure said.

Accordingly, the firm has declared a closed period, which prohibits some senior employees of the company from trading its shares on the Nigerian Stock Exchange (NSE).

“In view of this and with reference to circular NSE/LARD/LRD/CIR2/15/05/17 on the ‘Notice of Securities Trading by Interested Parties’ effective January 1, 2015, Dangote Cement shall enter a closed trading period from July 11, 2019 to 24 hours after the unaudited financial statements for the period ended June 30, 2019 are released to the public.

“The closed trading period is applicable to all directors, senior managers and other interested parties that may at any time possess sensitive information that may materially affect the price of the securities of the company,” the statement added.