OUTCOME OF BOARD MEETING OF NASCON ALLIED INDUSTRIES PLC.
This is to announce that a meeting of the Board of Directors of Nascon Allied Industries Plc. ("the Company") was held on 28th July, 2023. At this meeting, the Board of Directors amongst other matters, passed the following resolutions:
Approval of the Unaudited Financial Statements for the second quarter ended June 30, 2023;
Approval to undertake a scheme of merger among the Company, Dangote Sugar Refinery Plc. and Dangote Rice Limited, subject to the approval of regulators and shareholders.
The Closed Period of the Company continues until twenty-four (24) hours after the filing of the approved Unaudited Financial Statements. The Closed Period is applicable to all insiders, including those 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 Period.
Thank you.
FOR: NASCON ALLIED INDUSTRIES PLC.
A. A. Samuel
Company Secretary
Directors: Mrs. 'Yemisi Ayeni (Chairperson), Mr. Thabo Mabe (Managing Director) (South African), Mr. Olakunle Alake, Ms. Halima Aliko-Dangote,
Ms. Fatima Aliko-Dangote, Alh. Abdu Dantata, Alh. Sada Ladan Baki, Mr. Knut Ulvmoen (Norwegian), Hajiya Fatima Wali-Abdurrahman, Dr. Chris Ogbechie Ph.D
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NASCON Allied Industries plc published this content on 29 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2023 18:52:09 UTC.
Nascon Allied Industries PLC specializes in the production and marketing of refined salt, seasoning cubes and vegetable oil. Net sales break down by family of products as follows:
- salt (89.4%);
- seasonings (10.6%).
At the end of 2021, the group operates 5 production sites located in Nigeria.
All sales are in Nigeria.
NASCON ALLIED INDUSTRIES PLC 
