Shareholders of DN Meyer Plc have approved the company’s plan to raise additional capital of N220 million by way of rights issue.They also endorsed the firm’ arrangement to change its name to Meyer Plc in order to reflect the core ownership of the company.
Giving the approvals during the 44th yearly general meeting of the company, held in Lagos at the weekend, the stakeholders urged the management to ensure prudent use of the fund in order to boost its bottomline and increase profitability.
Specifically, the President, Nigerian Shareholders Solidarity Association, Timothy Adesiyan commended the company on its on going restructuring exercise.
He also applauded the management for reducing the firm’s loan profile, which has impacted on its financial charges.
He also applauded the management for reducing the firm’s loan profile, which has impacted on its financial charges.
Shareholders of DN Meyer Plc have approved the company’s plan to raise additional capital of N220 million by way of rights issue.They also endorsed the firm’ arrangement to change its name to Meyer Plc in order to reflect the core ownership of the company.
Giving the approvals during the 44th yearly general meeting of the company, held in Lagos at the weekend, the stakeholders urged the management to ensure prudent use of the fund in order to boost its bottomline and increase profitability.
Specifically, the President, Nigerian Shareholders Solidarity Association, Timothy Adesiyan commended the company on its on going restructuring exercise.
He also applauded the management for reducing the firm’s loan profile, which has impacted on its financial charges.
He also applauded the management for reducing the firm’s loan profile, which has impacted on its financial charges.
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