Fidelity bank banner NewsExpress advert
Dangote Flour changes name, notifies NSE

By News Express on 19/11/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,761


Dangote Flour Plc has notified the Management of the Nigerian Stock Exchange (NSE) of the company’s change of name to Tiger Branded Consumer Goods Plc.

Company Secretary and Legal Adviser Aisha Ladi Isa said the new name is to better reflect the new ownership of the company as the change in the substantial ownership and shareholding of the company has been approved by the shareholders.

She said in a letter dated September 2nd, 2015 that the change of name was in line with the special resolution passed at the company’s Annual General Meeting (AGM) held last July. She therefore requested the Exchange to effect the change of name as well as use the new symbol of Tiger Branded Consumer Goods, which she said has been approved by the Corporate Affairs Commission (CAC).

News Express reports that Tiger Brands had acquired a 63.35 per cent shareholding interest in Dangote Flour Mills in Nigeria in 2012 for approximately R1.5 billion.

Peter Matlare, CEO of Tiger Brands, had said at the time of the acquisition: “We are especially pleased with the successful conclusion of this transaction. We believe it will present growth opportunities for both organisations and be mutually beneficial. Dangote Flour Mills will add significant scale to Tiger Brands’ existing Nigerian businesses.” 

The company for the third quarter ended June 30, 2015 recorded an increase in its Group’s revenue from N28.7 billion in the corresponding period of 2014 to N33.1 billion. Its gross profit also to N2.6 billion as against N1.75 billion it recorded in the corresponding period of 2014.

•Photo shows Tiger Brands CEO Peter Matlare.

Source News Express

Posted 19/11/2015 7:00:16 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
RRS smashes 6-man criminal syndicate

Buhari to address the nation as Nigeria turns...

Ekwueme’s community cries out over erosion menace

UNICEF’s U-Report social platform hits 1m active users...

Shocking revelations of loot as Saraki’s trial continues...

Controller General calls for unification of fire services...

2 women go mad as a result of...

Rivers PDP declares Senator Magnus Abe a security...

2015: APC considers Buhari-Fashola ticket

NNPC rakes in $239m in one month

World’s top 1 percent earn 82 percent of...

Commission promotes police commissioner, others

 

Latest News JAMB to conduct police recruitment test today Buhari makes 4 new appointments Killings: Soyinka warns against genocide, asks international community to intervene Reps to issue arrest warrant for embattled NEMA boss over alleged N5.6bn fraud Imo APC crisis: Okorocha, Buhari meet again Lebanese, 16 others arrested over alleged illegal mining deal Buhari to receive 2018 Budget today — Saraki Standard Gauge: Laying of tracks starts fully in Lagos by June — Amaechi CBN injects another $100m into Forex market •Vows to get tough with erring banks Anambra signs N9bn erosion control contract Stanbic IBTC Bank leads in cash management and trade finance African Development Bank delivers strong operational results

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,698 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,529 views) Shameless Genevieve Nnaji exposes breasts in public (273,800 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (225,122 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,439 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (203,149 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,256 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,531 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,423 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,769 views) Lagos plane crash: Journalist releases victims’ names (140,242 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,633 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (42) Business & Economy (3,159) Business Verdict (43) Columnists (856) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (498) Features (598) Global Business Monitor (274) International (1,971) Interview (149) Live Commentary (28) Love Matters (120) News (35,580) Opinion (969) Pidgin (10) Politics (5,063) Religion (745) Sports (1,517) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement