PZ Cussons Nigeria Plc recently held a meeting with its board of directors on January 12, 2024, to discuss a range of matters, particularly the company’s unaudited financial statements for the quarter ending November 30, 2023 (Q2 UFS 2024). However, the board revealed that there were still some unresolved issues regarding the accounts, prompting them to announce plans for a follow-up meeting to address these outstanding concerns comprehensively.
The company has been under a closed period since December 1, 2023, a standard practice to prevent insider trading, and this closed period will continue until 24 hours after the official release of the unaudited financial results to the public. This decision is part of the company’s efforts to maintain integrity and transparency in its dealings with stakeholders, including shareholders and the investing public.
In a formal announcement, PZ Cussons Nigeria Plc reassured its shareholders and the public that it remains committed to transparency. The company promised to keep everyone informed of the developments surrounding its financial situation, with further updates to be provided as necessary.
Meanwhile, Royal Exchange Plc has also disclosed details of its upcoming virtual board meeting, scheduled for January 25, 2024, at 10:00 am. The primary agenda for this meeting will be the review of the company’s unaudited financial results for the fourth quarter, covering the period through December 31, 2023. The board will also address any other matters that may arise during the meeting.
Similar to PZ Cussons, Royal Exchange has imposed a closed period starting on December 1, 2023, in line with regulations from the Nigerian Exchange Limited (NGX). The restriction will remain in effect until 24 hours after the release of the Q4 2023 financial statements. This is to ensure compliance with the NGX rules and to prevent any improper trading activities. All relevant insiders, including board members, have been informed of these restrictions, and the company has advised stakeholders to stay tuned for any important announcements following the meeting.
