NSE Lifts Suspension on Union Dicon Salt Shares

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

10 Nigerian Movies to Watch on Netflix this Weekend

A lot of Nigerian movies have come out on Netflix recently. If you’ve been looking for what to watch...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -
NSE has announced the lifting of the suspension of Union Dicon Salt Plc, one (1) of the six (6) listed companies that were suspended on 1 September 2020. The suspension placed on trading on the shares of the Union Dicon Salt Plc was lifted on Monday, 19 October 2020.

In view of the Company’s submission of its outstanding financial statements, and pursuant to Rule 3.3, of the Default Filing Rules, which states that; “The suspension of trading in the issuer’s securities shall be lifted upon submission of the relevant accounts provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange.

NSE Lifts Suspension on Union Dicon Salt Shares Brandspurng

The Exchange shall thereafter also announce through the medium by which the public and the SEC was initially notified of the suspension, that the suspension has been lifted”.

Brief History about Union Dicon Salt Plc

Dicon Salt Limited was established in 1984. The Company was then a 60% – 40% joint venture between the Defence Industries Corporation of Nigeria (“DICON”) and its technical partners, AIMS of Brazil. By 1987, a small factory had been opened at Kirikiri Lighter Terminal in Lagos and Dicon Salt was importing bulk salt, doing some refining processes, and selling the product through the Company’s established network.

Read Also:  NSE notifies of Proposed Amendment To Rules On Board & General Meetings of Issuers
- Advertisement -

Dicon Salt Limited’s factories were closed in 1988 after a price war and were reopened, after nine (9) months. The months during which the Dicon factory was closed were used in upgrading the facilities. An ultra-modern salt laboratory was put in place for all analytical works and the company embarked on a search for producers of food-grade bulk salt.

The company merged with Union Salt Limited and was incorporated in 1991 as Union Dicon Salt Ltd. The then private Company became a Plc and later sold its shares to the public. It was listed on the Nigerian Stock Exchange (“NSE”) on the 23rd of September, 1993.

As at today, Union Dicon Salt Plc. has an authorized share capital of N300 million corresponding to its 600,000,000 Units at 50k each.

- Advertisement -
NSE Lifts Suspension on Union Dicon Salt Shares - Brand SpurNSE Lifts Suspension on Union Dicon Salt Shares - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NSE Lifts Suspension on Union Dicon Salt Shares - Brand SpurNSE Lifts Suspension on Union Dicon Salt Shares - Brand Spur

Latest News

HealthPlus crisis: Mrs. Bukky George unfair to me – Leo Stan Ekeh

Mrs. Bukky George first contacted the Zinox Chairman, Leo Stan Ekeh via SMS on March 31st, 2020 at...

Single Mother’s Hope Restored as Airtel Saves Infant with Hole in Heart

Leading telecommunications services provider, Airtel Nigeria has fulfilled its promise to save the life of Daniel Akani, a physically impaired child who was diagnosed...

Customers meet farmers supplying Shoprite store farm-fresh produce

Nigerian farmers will have the opportunity to sell their fruit and vegetables directly to Shoprite customers on Saturday, 28 November, as part of the...

Here Are The Most Profitable Startups That Will Bring You Big Gains In 2020

As the pace of technological advancement increases, the scope for the evolution of newer start-ups is on the rise. This is a time when...

Panasonic releases 4K PTZ Camera suitable for shooting live videos

Panasonic recently released 4K Integrated PTZ Camera AW-UE100W/K equipped with a range of functions including 4K 60p/50p shooting and 12G-SDI output. The camera supports a...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NSE Lifts Suspension on Union Dicon Salt Shares - Brand SpurNSE Lifts Suspension on Union Dicon Salt Shares - Brand Spur