Confusion as Union Dicon announces inability to reach majority shareholder

Confusion has deed Union Dicon Salt Plc aft the Nigerian Exchange-listed brackish shaper disclosed that it has been incapable to scope oregon found interaction with its bulk shareholder, Aims Limited.

The institution made this known successful a announcement issued connected Tuesday by its secretary, Alfred James.

According to the firm, Aims Limited, a Brazilian-linked entity, holds 40 percent of its issued shares.

However, the company, which is besides partially owned by the Nigerian Army’s Defence Industries Corporation, said it has not been capable to found connection with the shareholder for a prolonged play contempt respective attempts.

The announcement reads, “That Aims Limited is simply a bulk shareholder of Union Dicon Salt Plc with a shareholding of 64,000,000 shares amounting to 40% of the issued shares.

“That Union Dicon has been incapable to pass with oregon scope Aims Limited for a play of clip contempt respective efforts made to scope retired to Aims Limited.

“That the institution is utilizing this mean to petition that Aims Limited should interaction Union Dicon instantly via its carnal code astatine Kirikiri Lighter Terminal, Kirikiri Phase 2, Apapa, Lagos.”

DAILY POST reports that arsenic of October 1, 3rd Quarter 2025, the company’s trading liquidity stood astatine N475.89 million.

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