The current precarious situation created by dissonance around #EndSARS agitation has forced the management of Dangote Cement Plc to cancelled many of its scheduled important programmes indefinitely.
The company said in a notice to investors and stakeholders at the Nigerian Stock Exchange (NSE) that its board made the decision after due consultation and consideration of the precarious situation presently in Nigeria, (particularly in Lagos).
Affected programmes of the company that have been affected by the simmering situation in the country include Finance and Investment Committee meeting, the Statutory Audit Committee meeting and the third quarter Board meeting of Dangote Cement Plc scheduled to hold on Thursday and Friday, October 22 and 23, 2020 respectively.
In the notice signed by Edward Imoedemhe, deputy company secretary, Dangote Cement noted that management of the Exchange has approved the postponement until further notice.
“The revised date shall be communicated as soon as the date is decided upon.
“In view of this, the ongoing Closed Trading Period will continue until 24 hours after the relevant resolutions taken at the said Board meeting, are released to the public.
“The Closed Trading Period is applicable to all parties that may at any time possess sensitive information that may materially affect the price of the securities of the Company.
“Accordingly, no Insider may deal in the securities of the Company during the Closed Trading Period,” the company said.