The management of Dangote Flour plc has notified the Nigerian Stock Exchange (NSE) of the company’s change of name.
Company Secretary and Legal Adviser of Dangote Flour Plc, Aisha Ladi Isa explained that company’s new name is Tiger Branded Consumer Goods Plc.
The new name, according to Isa, was scripted 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.
In a letter dated September 2nd, 2015, the company’s secretary said the change of name was in line with the special resolution passed at its annual general meeting, held in July 2015.
She requested the Exchange to effect the change of name as well as use the new symbol of Tiger Branded Consumer Goods. The new name has been approved by the Corporate Affairs Commission.
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.