Food Concept Plc Holds 16th AGM; NASD USI Down By -2.19% WoW

Proshare

Friday, November 02, 2018 / 08:06 PM / NASD Plc

On the 1st of November 2018,  Food Concepts PLC held its 16th Annual General Meeting  at Sheraton Hotel, Ikeja, Lagos, having not held any since 2014. The AGM served as an opportunity for the board of directors and shareholders to discuss prior year performances, as well as, future plans.
Key events included:

  • Presentation of the Audited financial statement for the accounting period ended 31st December 2015 & 2016
  • Ratification and approval of the appointment of Runa Alam, Marc Stoneham, Babacar ka, Adefolarin Adebayo Ogunsanya as Directors of the company
  • Deliberations over a proposed right issue which instigated uproar among the shareholders due to terms considered unfavourable to existing shareholders.

The AGM concluded with the MD/CEO assuring shareholders of a positive 2018 outlook compared to the tumultuous performances recorded in 2015 and 2016. The spectacular 40% growth recorded by Chicken Republic in 2017 was also referenced as an indicator of expected future performances.


Market Activities For Week 44

As at close of trade week on 02 November 2018, market Capitalisation decrease to 474.49 billion from last week's previous 485.11 billion, which shows a 2.19% decline in Capitalisation. Also the USI for the week ending 02 November, 2018 recorded a 2.19% decrease from 697.97 points to 682.70 points.

Trade Summary

 


Proshare Nigeria Pvt. Ltd.

Market in Numbers (Year-to-Date)

Proshare Nigeria Pvt. Ltd.

 

Macroeconomic Indicators 

Proshare Nigeria Pvt. Ltd.

 

Proshare Nigeria Pvt. Ltd.


Related News

  1. NASD Market CAP Declines by -0.22% WoW to N485.11bn
  2. NASD Officially Joins the Lagos Chamber of Commerce and Industry
  3. NASD OTC Market CAP Drops by -1.53% to N478.73bn
  4. NASD OTC Exchange Records Outstanding Performance in Q3 2018
  5. Societe Fonciere Europeenne Secures Approval to Make a Mandatory Take-Over Offer in Ensure Insurance
  6. NASD OTC Securities Exchange Unlisted Shares Continues to Rise; Up 20% YTD
  7. NASD OTC Market Closes The Week On a Negative Note; USI Down By 2.05%
  8. NASD OTC Market Ends The Week On a Positive Note; USI Up By 2.83%
  9. NASD OTC Market Ends The Week Negative; USI Down By -0.24%
  10. NASD Market CAP Closed Higher at N470.17bn
  11. NASD USI Gained 0.71% WoW
  12. MTN Nigeria – Interim Financials For H1 2018
  13. ASEN Inaugurated; NASD USI Declines by 2.6% WoW – 110818
  14. NASD Releases Exposure Draft of Proposed Rules; NMRC Held 4th AGM
  15. NASD Market Cap Closed Higher by 1.2%; LBIC Shareholders Approve Admission To NASD
  16. NASD USI Increased By 1.2%; ARM Life Plc Holds 20th AGM
  17. NASD OTC Closed the Week Positive as Niger Delta Exploration and Production Plc Gains 20% WoW!
  18. NASD OTC Closed The Week Positive; USI Up By 1.13% WOW
  19. NASD Plc to Hold 5th AGM on July 11th, 2018; USI Sheds 1.13% WoW
  20. NASD OTC Market Closed Red by -0.1% WoW
  21. NASD OTC Market CAP Sheds 1% WoW to Close at N446.65bn

 

 

READ MORE:
Related News
SCROLL TO TOP