Tiger Brands Decides Against Further Financial Support for DANGFLOUR as Dangote Resigns from Board

Proshare

Monday 16 November, 2015, 04:40 PM /NSE

Tiger Branded Consumer Goods Plc (Formerly
Dangote Flour Mills Plc) has filed the following notification to The Nigerian Stock Exchange:

“Interim Announcement”

“Shareholders are advised that Tiger Brands Limited has informed the Board of Directors of Tiger Branded Consumer Goods Plc that Tiger Brands Limited has reached a decision not to provide any further financial support with respect to its investment in Tiger Branded Consumer Goods Plc.

Tiger Brands Limited has also informed the Board of Tiger Branded Consumer Goods Plc that it is currently exploring various alternatives with regard to its investment in Tiger Branded Consumer Goods Plc.

Shareholders are also advised that Alhaji Aliko Dangote, Mr. Olakunle Alake, Mr. Asue Ighodalo and Mr. Arnold Ekpe have resigned their appointments as directors of Tiger Branded Consumer Goods Plc.

The Board of Directors of Tiger Branded Consumer Foods Plc is considering the implications of these developments for the Company, and further information will be communicated in due course.

In the meantime, shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement is released."

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