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By UMORU ABDULKADIR
The management of Union Dicon Salt Plc has notified its shareholders, the Nigerian Stock Exchange (NSE) and the general public of the reason for the company’s delay in holding its Annual General Meeting (AGM) for the period ended December 31, 2018.
In a statement released by the company today, Thursday, October 17 and was published on the site of the NSE, the Complained that its failure to hold its AGM within the regulatory period was due to the invitation extended to it by the Financial Reporting Council (FRC) of Nigeria on matters regarding the qualification if its 2018 financial statements by its external auditors.
The statement reads in part: “we wish to inform our shareholders that the company has clarified its position with the FRCN, however, the gave a number of feedback to Union Dicon which the company is in the process incorporating into the 2018 financial statements.”
It therefore, assured the shareholders that the company will convey a Board of Directors meeting to consider and fix a date for the AGM upon conclusion of the process with the FRC
BADEJO ADEMUYIWA has 23 years experience as a Finance Writer, specialising in Insurance and Investigative Reporting.
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