Okomu Oil Palm to hold board meeting for Q3 2020 result Oct 20


Okomu Oil Palm Company Plc on Monday announced that a meeting of its Board of Directors will be held on Tuesday 20th October 2020 at the Okomu Oil Company Plc office, Okomu Udo Ovia South West LGA, Edo State at 11am to consider and approve the Un-audited Financial Statements of the Company for the period ended 30th September 2020.

The notice at the Nigerian Stock Exchange signed by Chibuike Onwusoro Esq, said the Closed Period for the company will be on Monday 5th October, 2020 until 24 hours after the announcement of result for the period ended 30th September 2020.

During the closed period no Director, person discharging managerial responsibility, employees with sensitive information, advisers and consultants of the company and their connected persons may directly or indirectly deal in the securities of the Company until 24hours after the release of the unaudited financial results for the period ended 30th September 2020 to the Nigerian Stock Exchange.

Recently Okomu Oil Palm Company Plc reported share purchase by Socfina S.A, a substantial foreign shareholder involving 443,654 units which amounted to N35,358,844.

A notification signed by Chibuike Onwusoro, Company Secretary filed at the Nigerian Stock Exchange (NSE) said the first set of transactions involving 157,876 units at N79.77 per unit took place on 21 and 23 September, 2020 while the second set involving 285,778 units at N79.66 took place on 15, 16, 17 and 18th September 2020

Meanwhile the stock price of Okomu Oil hit N80 mark on Tuesday with 2% appreciation from N78 per share. There were 32 transactions involving 757,080 shares valued at N60,516,531.70 at at 3.12PM Nigerian time.

Earlier reported 2,011,600 shares purchase by Socfina S.A, with N158,353,152 on 9th, 10th, 11th September 2020.

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