The Nigerian Stock Exchange (NSE) and shareholders of Nigerian Aviation Handling Company Plc (NAHCO AVIANCE) have been notified that the meeting of the Board of Directors of the Company, earlier scheduled to hold on April 8, 2020, in Lagos has been postponed until further notice.
The Company said the postponement of the board meeting which was meant to consider and approve its 2019 audited financial statements and recommend the payment of dividend is because “the 2019 Audited Financial Statements has still not been completed due to disruptions of the auditing process by the impact of COVID-19.”
“You will be adequately notified of the date of the meeting when it is fixed in accordance with the rules of The Exchange,” NAHCO said in an April 6 note signed by Bello A. Abdullahi of Dikko & Mahmoud Solicitors, Company Secretary.
Despite the postponement of the board meeting, the closed period declared by the Company from March 12, 2020 will continue until 24 hours after the 2019 audited financial statements is released to the market. Accordingly, all insiders have been advised not to directly or indirectly deal in the shares of the Company in any manner during the closed period.
