The Board of Chemical and Allied Products Plc will meet in Lagos on Monday, October 19, 2020, to consider among other things, the Company’s unaudited financial results for the period ended September 30, 2020 (the “Q3 Results”).
Consequently, in accordance with the relevant provisions of the NSE Rule Book, the Closed Period for trading in the shares of the Company will commence on October 2, 2020, in respect of the Q3 Results.
Hence no Director, persons discharging managerial responsibility, Employees with
sensitive information, Advisers and Consultants of the Company and they are connected persons may directly or indirectly deal in the securities of the Company until 24 hours after the release of the Q3 results to the Nigerian Stock Exchange and by extension, the general public.
Chemical and Allied Products Plc, a subsidiary of UAC of Nigeria Plc, is the technological licensee of AkzoNobel for Nigeria; (ICI was acquired in 2008 by AkzoNobel, the world’s largest paint producer). CAP Plc evolved from the world-renowned British multinational Imperial Chemical Industries Plc, which formalized its Nigeria operations in 1957 under ICI Exports Limited.
In 1965, ICI Exports Limited changed its name to ICI Nigeria Limited and in 1968 it subsumed the paints company.