UAC UPDC Joint Announcement on Proposed Transactions

The Boards of Directors of UAC of Nigeria Plc (“UAC”) and UACN Property Development Company Plc (“UPDC” or the “Company”) (collectively the “Boards”, individually the “Board”) wish to inform The Nigerian Stock Exchange (“The Exchange” or “The NSE”), their shareholders and stakeholders that they are considering strategic initiatives involving a recapitalization and restructuring of UPDC. These initiatives are still subject to the review and approval of the Securities and Exchange Commission (the “SEC”), and The NSE (collectively the “Regulators”) and shareholders of both companies.

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UAC ANNOUNCES BOARD CHANGES

The board of directors of UAC of Nigeria PLC (“UAC” or the “Company”) is pleased to announce the appointment of Mrs. Suzanne Olufunke Iroche as an Independent Non-Executive Director of the Company with effect from 1st August, 2019.

Having spent her professional career in financial services, Mrs. Iroche has considerable experience in finance, governance and risk management, which will complement the existing mix of skills and experience of directors. She has extensive experience in Merchant and Commercial Banking spanning the areas of Corporate and Institutional Banking, Marketing, Correspondent and International Banking, and Treasury.

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UAC Nigeria Appoints Aiyesimoju Group MD/CEO

Mr Folasope ‘Fola’ Babasola Aiyesimoju has been announced as the new Group Managing Director/CEO of UAC of Nigeria Plc.

This announcement was made by the board of directors of UAC of Nigeria Plc in a notice to the Nigerian Stock Exchange (NSE) on Thursday.

According to the statement signed by the company’s Legal Adviser, Mr Godwin Samuel, the new Group MD/CEO will assume the position from Monday, April 1, 2019.

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UAC APPOINTS ORIOLA GROUP FINANCE DIRECTOR

UAC of Nigeria PLC (UAC) has announced the appointment of Mr. Ibikunle Ibiyinka Oriola as Group Finance Director.

Mr. Oriola is a seasoned professional with 17 years experience gained from diverse functional roles spanning finance, strategy, risk management and corporate finance.

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UAC ANNOUNCES RETIREMENT OF GROUP CEO

The Board of UAC of Nigeria PLC would like to announce that Mr Abdul Akhor Bello, the Group CEO of the Company will proceed on retirement from January 1, 2019. The Board of UAC of Nigeria PLC would like to announce that Mr Abdul Akhor the Group CEO of the Company will proceed on retirement from January 1, 2019.

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UAC APPOINTS ODUNSI DIRECTOR

UAC of Nigeria PLC (UAC) has announced the appointment of Mr Bolaji Odunsi as a Non-Executive Director of the Company. Mr Odunsi replaces Mrs Olufunke Ighodaro who recently resigned from the Board to take up an executive role in South Africa.

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KASALI, AIYESIMOJU HEAD UPDC AS NEW DIRECTORS EMERGE
The Board of UACN Property Development Company PLC (UPDC) has announced the appointments of new Directors with Mr Babatunde Kasali as Chairman and Mr Folasope Aiyesimoju as the Chief Executive Officer (CEO)

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UAC APPOINTS NEW NON-EXECUTIVE DIRECTORS

UAC of Nigeria PLC (UACN) has announced the appointments of Mr Folasope Babasola Aiyesimoju and Mrs Olufunke Ighodaro as Non-Executive Directors of the Company while Mr Peter Benedikt Mombaur would serve as the alternate Director to the new Directors.

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MY CAPTAIN OH CAPTAIN – Celebrating a Champion

Pictures taken at the send-forth party in honour of Mr. L.E. Ettah and Mr. J.I.D Dada

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UPDC PLC ANNOUNCES THE RETIREMENT OF ITS MANAGING DIRECTOR

UACN Property Development Company Plc wishes to announce that its Managing Director, Mr Hakeem Ogunniran, will be proceeding on his preretirement leave on 01 May 2018, after serving the UAC Group for 23 years. Mr. Ogunniran was appointed the Managing Director of UPDC Plc in January 2010.

The Board has appointed Mrs Adeniun Taiwo to act in the …..

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