UAC REWARDS SHAREHOLDERS WITH N1.92 BILLION DIVIDEND PAYOUT, SEEKS TO BOLSTER CAPITAL POSITION VIA N15.4 BILLION RIGHTS ISSUE

UAC of Nigeria PLC (UAC) has rewarded shareholders with N1.92 Billion dividend payout, even as the Company seeks to bolster its capital position via a N15.4billion rights issue.

Mr Dan Agbor, Chairman of UAC of Nigeria PLC in his address at the Company’s Annual General Meeting at the Golden Tulip Festac Lagos, said: “In view of the Company’s performance, the Board is recommending for your approval a dividend of 100kobo per ordinary share in respect of the 2016 financial year”. …. read more

 

DAN AGBOR CHAIRS UAC BOARD AS MBONU BECOMES NON -EXECUTIVE 

chairman

UAC of Nigeria PLC (UAC) has announced the appointments of Mr Dan Owor Agbor as the Chairman of the Company and Engineer (Dr.) Okechukwu John Mbonu as a Non – Executive Director following the resignation from the Board of the Company of Senator Udoma Udo Udoma and Dr Okechukwu Enelamah, both recently appointed Ministers of the Federal Republic of Nigeria.

Mr Agbor, 55, is the Managing Partner of one of the leading commercial law firms in the country – Udo Udoma & Belo-Osagie. A seasoned lawyer, Mr Agbor, who joined the firm in September 1990 until date, …..