Haldane McCall’s Group MD, Edward Akinlade, sells 11.5 million ordinary shares worth N60 million

This information was communicated in a director’s dealings published on the Nigerian Exchange (NGX) and signed by the company secretary, Oyewole Olurin. 

According to the report, the shares were sold at N5.22 on April 9, 2025, under the identification code NGHMCALL0004.  

Following this transaction, Dr. Akinlade now holds 1,523,753,796 ordinary shares, down from 1,535,253,796 shares previously. 

This accounts for 48.81% of the company’s total shares of 3,122,000,000 as of December 31, 2024, reflecting a decrease from his previous holding of 49.18%. 

Haldane McCall Plc published its audited financial results for the fiscal year 2024, reporting a pre-tax profit of N1.01 billion.  

This figure represents a 168.44% increase from the pre-tax profit of N377.8 million recorded in fiscal year 2023, driven by an increase in revenue. 

For the year ended 2024, Haldane McCall Plc’s revenue rose to N3.6 billion, which is a 109.50% increase from N1.7 billion in the previous year.  

Operating profit increased by 168.44% year-over-year to N1 billion, compared to N377.8 million in the previous year.  

In early March, Haldane McCall PLC declared a final dividend of 0.07 kobo per 50 kobo ordinary share, subject to applicable withholding tax, payable exclusively to registered shareholders.  

The company announced that dividends will be disbursed electronically on Friday, April 25, 2025.  

As stated, “Dividends will be paid electronically to shareholders whose names appear on the Register of Members as of Monday, March 31, 2025, and who have completed the e-dividend registration.”