Dangote Flour Plc is currently on a rebranding move and this has informed the change of the name by which it has been known through the years
Dangote Flour Plc, has changed its name to Tiger Branded Consumer Goods Plc.
ThisDay reports that the company secretary and legal adviser of Dangote Flour Plc, Aisha Ladi Isa has notified the Management of the Nigerian Stock Exchange (NSE), of the company’s change of name to Tiger Branded Consumer Goods Plc.
According to her, the new name 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.
In the notification to the NSE, Ladi 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. 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.