Africa’s global bank, the United Bank for Africa (UBA), announced today the postponement of the meeting of the board of directors of the bank initially scheduled for Thursday January 26,2023, a statement authorised by Bili Odum, group company secretary and legal counsel which was made available to the Nigerian Exchange Group(NGX) has revealed. The new date for the board meeting is Monday February 13, 2023.

“In line with listing rules of the Nigerian Exchange Limited for listed companies, United Bank for Africa Plc hereby informs its shareholders, the Nigerian Exchange Limited, and the investing public that the meeting of Board of Directors of the Bank earlier scheduled for Thursday, January 26, 2023, to consider, amongst other matters, the Group Audited Accounts and Financial Statements for the year ended December 31, 2022, as well as proposals for the Final Dividend, will now hold on Monday, February 13, 2023,” UBA stated.

Consequently, and in compliance with the post listing requirements, the bank added that the closed period which began on January 1,2023 shall continue until 24 hours after the release of the bank’s audited accounts and financial statements for the year ended December 31, 2022.

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“Accordingly, no director, person discharging managerial responsibility, employee with sensitive information, adviser, and consultant of the bank and their connected persons may directly or indirectly deal in the Securities (Shares and Bonds) of the bank during the closed period,” the bank added.

UBA’s share price closed last week Friday at N8.10 representing a year to date gain of 6.58%.