United Bank for Africa Plc has rescheduled the meeting of its Board of Directors to consider the Group Audited Accounts and Financial Statements for the year ended December 31, 2022, as well as proposals for the Final Dividend amongst others.
The meeting of the board of directors of UBA Group Plc, earlier fixed for February 13, 2023, has been rescheduled for February 9, 2023.
The company announced this latest development in a notice to the Nigerian Exchange (NGX) Limited on Tuesday, February 7, 2023.
Though no reason was given for this change, the statement noted that the gathering is to allow members of the board to discuss the audited financial statements of the firm for 2022 and the final dividend to propose to shareholders, who have the powers to approve or reject it at the Annual General Meeting (AGM).
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“In line with listing rules of the Nigerian Exchange Limited for listed companies, United Bank for Africa Plc hereby informs its shareholders, the Nigerian Exchange Limited, and the investing public that the meeting of the Board of Directors of the bank earlier scheduled for February 13, 2023, to consider, amongst other matters, the Group Audited Accounts and Financial Statements for the year ended December 31, 2022, as well as proposals for the final dividend, will now hold on February 9, 2023,” a part of the statement said.
Also, the organisation disclosed that the closed period earlier announced, which prohibits directors and other senior members of staff, remains.
“In compliance with the post-listing requirements of the Nigerian Exchange Limited for listed companies, the previously announced closed period for trading in the bank’s shares, which commenced on January 1, 2023, shall continue until 24 hours after the release of the Group Audited Accounts and Financial Statements for the year ended December 31, 2022, to the Nigerian Exchange Limited.
“Accordingly, no Director, person discharging managerial responsibility, an employee with sensitive information, adviser, and consultant of the bank and their connected persons may directly or indirectly deal in the securities (shares and bonds) of the bank during the closed period,” the disclosure signed by the company secretary, Bili Odum, said.