UAC Signs Agreement to Acquire Minority Interest in UAC Foods

UAC of Nigeria PLC (“UACN”) hereby announces that it has signed a binding agreement to acquire Tiger Brands Limited’s minority shareholding in UAC Foods Limited (“UAC Foods”). UAC Foods is a majority owned subsidiary of UACN operating in the packaged food and beverages industry. View Statement

Notice of 2021 Annual General Meeting of UAC NIGERIA PLC

NOTICE IS HEREBY GIVEN that the Annual General Meeting of UAC of Nigeria PLC (“UAC” or the “Company”) will holdat 12th Floor, UAC House, 1-5 Odunlami Street, Lagos on Wednesday, June 30th 2021 at 10am to transact the followingbusiness:ORDINARY BUSINESS1. To lay before members the Audited Financial Statements of the Company for the year ended […]

Custodian Signs Binding Agreement with UAC to Purchase 51% of UPDC

The board of directors of UAC of Nigeria PLC (“UAC”) is pleased to announce that a binding agreement has been signed with Custodian Investment PLC (“Custodian”) for Custodian to purchase a 51 percent equity interest in UACN Property Development Company PLC (“UPDC”) from UAC (the “Transaction”).This agreement marks the beginning of a partnership between Custodian […]

UAC Supports YPO COVID-19 Initiative in Establishment of 70 bed Isolation Centre

UAC of Nigeria, along with other private sector organisations, has provided its support to the Young Presidents Organisation (YPO) in its fight against COVID-19.  The YPO has established a temporary 70-bed isolation centre in Eti Osa, and has handed over operations to the Lagos State government to be integrated into the state wide response to […]

Livestock Feeds supports the West Africa Agribusiness Show

Livestock Feeds Plc  partners and supports as Nigeria plays host to the maiden edition of the West Africa Agribusiness Show from 18th to 20th February, 2020 with a goal to make West Africa an Investment hub for Agribusiness.  Stakeholders from various sectors in the Agribusiness industry will connect to share ideas, see and experience the latest […]

UAC, UPDC Joint Announcement on Proposed Transaction

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. […]

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 […]

UAC Nigeria Appoints Fola Aiyesimoju as Group Managing Director

Mr Folasope ‘Fola’ Babasola Aiyesimoju has been announced as the new Group Managing Director of UAC of Nigeria Plc. The new Group MD/CEO will assume the position from Monday, April 1, 2019. “The board thanked Mrs Omolara Elemide for her hard work and dedication to the company as Acting GMD/CEO from January 2019,” the statement […]

Kunle Oriola appointed 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. He has provided strategic finance leadership, driving transformational and growth agenda of conglomerate businesses […]