INITSPLC Reschedules Its 33rd Board Meeting


Tuesday, April 7, 2020 / 12:35 PM / NSE / Header Image Credit: The Initiates Group

Notice is hereby given that the 33rd Meeting of the Board of Directors of The Initiates Plc (the Company) which was earlier scheduled to hold on Friday, the 27th day of March, 2020 by 1:00pm at the Company's registered address; Plot 400, Location (new) Road, off Aba/PH Expressway, by Oyigbo Junction, Umuebule 5, Etche, Rivers State could not hold as scheduled. The meeting has now been rescheduled to hold on Thursday, the 16th day of April, 2020 by 11:00am at the Company's registered address: Plot 400, Location (new) road, off Aba/PH Expressway, by Oyigbo Junction, Umuebule 5, Etche, Rivers State to consider among other things:

  • The Company's Strategic Plan Funding

  • Audit Committee Report & Adoption/approval of the 2019 Audited Account

  • The Management's Report

Accordingly, in compliance with The Nigerian Stock Exchange's post listings requirements, The Initiates Plc hereby declares the closed period which commenced on 12th March, 2020 is still in force until 24 hours after the Audited Financial Statements and the outcome of the Board meeting have been announced to the Market.

Consequently, no Director, persons discharging managerial responsibilities, Audit Committee Members, Advisers, Consultants and Employees, with insider information or their connected persons shall deal directly or indirectly in the securities of The Initiates Plc during this closed period.

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