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Thursday, November 19, 2015

DANGOTE FLOUR CHANGES NAME, NOW TIGER BRANDED CONSUMER GOODS

Dangote Flour Plc. has changed its name. The company is now to be known as Tiger Branded Consumer Goods Plc. The new name has been approved by the Corporate Affairs Commission (CAC).

The Company Secretary and Legal Adviser of Dangote Flour Plc, Aisha Ladi Isa, had, in a letter dated September 2nd, 2015, notified the Nigerian Stock Exchange (NSE) of the company’s change of name to Tiger Branded Consumer Goods Plc.

The new name, according to Isa, is to better reflect the new ownership of the company as the change in the substantial ownership and shareholding of the company has been approved by the shareholders.

The company’s secretary said the change of name was in line with the special resolution passed at its annual general meeting (AGM), held in July 2015. She therefore requested the Exchange to effect the change of name as well as use the new symbol of Tiger Branded Consumer Goods.

Tiger Brands, it would be recalled, acquired a 63.35 per cent shareholding interest in Dangote Flour Mills in Nigeria in 2012 for approximately R1.5billion.


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