The company had earlier indicated an interest in undergoing a share buyback programme, in respect of up to 10 per cent of its issued shares, for the purpose of improving the company’s return on equity and its shareholders’ value, so as to facilitate the future long-term growth of the company.
The approval through voting, which was given at the company’s Extraordinary General Meeting, held in Lagos recorded a 100 per cent approval from the shareholders, with many of them describing the exercise as very laudable and a win-win situation for them.
