19 November 2012

Nigeria: Vitafoam Assures NSE On Timely Disclosure

The Managing Director and Chief Executive Officer, of Vitafoam Nigeria Plc, Mr. Joel Ajiga, has assured the management of the Nigerian Stock Exchange (NSE) of timely information disclosure and creation of value for shareholders and other stakeholders of the company.

Ajiga gave the assurance during a visit to the NSE in Lagos. He commended the NSE management for the ongoing market recovery and introduction of market makers among others to create liquidity.

While interacting with the stockbrokers on the trading floor, Ajiga explained that Vitafoam Nigeria Plc places premium on Corporate Social Responsibility, citing the company's assistance to some of the recent flood victims in many states.

Ajiga, who was in company with the Executive Director, Sales and Marketing, Mr. Peter Folikwe; Technical Director, Mr. Taiwo Adeniyi ; Executive Director, Finance, Mr. Brass Ogun; Company Secretary, Mr. Lekan Sani and the National Sales Manager, Mr. Bamidele Sola Owoade, rang the symbolic closing bell on the trading floor of the NSE.

In his earlier welcome address, Executive Director, Operations and Information Technology, Mr. Ade Bajomo, who represented the Chief Executive Officer, Mr. Oscar Onyema, said the exchange was glad at the successful introduction of marker makers.

According to him, the exercise has impacted positively on the market, just as the Board of Trustees had been constituted for the exchange's Investor Protection Fund for enhanced investor protection.

Only recently, Vitafoam Nigeria Plc celebrated its 50th Anniversary with fanfare by rewarding the numerous key regional distributors. Many consumers of the company's products benefited immensely in the promotion that characterised the anniversary.

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