The management of Tiger Branded Consumer Goods Plc announced that Aliko Dangote Olakunle Alake have resigned their appointments as directors of the company.
Others announced include Asue Ighodalo and Arnold Ekpe.
In a statement to the Nigerian Stock Exchange (NSE), shareholders were 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.
According to the statement, “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 the company advised shareholders to exercise caution when dealing in the company’s securities until a further announcement is released.
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