NEW BOARD CHANGES AT UAC OF NIGERIA PLC

At a recent meeting the Board of UAC of Nigeria Plc (UACN) made the following Board changes.

Mr Joseph Ibrahim Dada, the Executive Director, Corporate Services of UAC of Nigeria PLC will proceed on retirement on 1st January, 2018 after 34 years meritorious service to the Company. Mrs Omolara Elemide has been appointed as Executive Director, Corporate Services with effect from 1st January, 2018.

Following the appointment of Mr Abdul Akhor Bello, the incumbent ED/Chief Financiai Officer as Group Managing Director/CEO of UAC of Nigeria PLC with effect from 1st January, 2018, Mrs Adeniun Folasade Taiwo has been appointed as Chief Financial Officer (a Non-Board position) with effect from 1st January, 2018.

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APPOINTMENT OF NEW MANAGING DIRECTOR AT LIVESTOCK FEEDS PLC

At the Board meeting of the Company held on Thursday, 7th of December 2017, Mr. Solomon Aigbavboa was appointed as the Managing Director of Livestock Feeds Plc with effect from 1st January 2018. Mr. Aigbavboa will take over from Mrs. Modupe Asanmo who is retiring after 10 years of meritorious service to the Company.

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New Managing Director for Portland Paints and Products Nigeria Plc

At a recent Board meeting, Mr. Adedamola Olusunmade was appointed as the Managing Director of Portland Paints and Products Nigeria Plc with effect from 1st January 2018. Mr. Olusunmade will take over from Mr. Mukhtar Yakasai who has been assigned another Executive responsibility within the UACN Group.

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CAP Plc appoints new Managing Director

At a recent meeting the Board of Chemical & Allied Products PLC “CAP PLC” made the following Board changes.

Following the appointment of Mrs. Omolara Elemide as Executive Director, Corporate Services of UAC of Nigeria PLC, Mrs. Oluwakemi Ogunnubi has been appointed the New Managing Director of CAP PLC.

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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, …..