The Initiates Plc Notifies of the Company’s Board Meeting and Closed Period


The Initiates Plc Notifies of the Company’s Board Meeting and Closed Period

Friday, March 15, 2019 05:32PM / NSE


Notice is hereby given that the 30th Meeting of the Board of Directors of The Initiates Plc shall hold on Friday, the 29th day of March, 2019 by 11:00am at its 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

·         Update on the incorporation of The Initiates Uganda Limited

·         Audit Committee Report & Adoption of 2018 Audited Account

·         Recommendation of dividend to be declared

Accordingly, in compliance with The Nigerian Stock Exchange’s post listings requirements, The Initiates Plc hereby declares the commencement of a closed period for trading in its shares from 14 March 2019 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 Member, 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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