Union Dicon Salt has attributed the delay in convening its 2018 Annual General Meeting (AGM) to the company’s invitation by the Financial Reporting Council of Nigeria (FRCN).
The company, in a statement on the Nigerian Stock Exchange (NSE) website, said that delay in convening the AGM within regulatory due date was because of the FRCN invitation on 2018 account qualification.
“Union Dicon Salt wishes to notify its esteemed shareholders that the delay in convening AGM within the regulatory due date is as a result of the invitation of Union Dicon by FRCN on the qualification of the 2018 financial statements/accounts by its external auditors.
“We wish to inform our shareholders that the company has clarified its position with FRCN, however, the Council gave a number of feedback to Union Dicon which the company is in the process of incorporating into the 2018 financial statements.
“Upon the conclusion of the process, a meeting of the company’s Board of Directors will be convened to consider and fix a date for the AGM”, it said.