UAC of Nigeria Management

Management criteria checks 2/4

UAC of Nigeria's CEO is Fola Aiyesimoju, appointed in Apr 2019, has a tenure of 5.08 years. directly owns 1.61% of the company’s shares, worth NGN697.94M. The average tenure of the management team and the board of directors is 4.3 years and 4.5 years respectively.

Key information

Fola Aiyesimoju

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	5.1yrs
CEO ownership	1.6%
Management average tenure	4.3yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO

Fola Aiyesimoju (42 yo)

5.1yrs

Tenure

Mr. Folasope Babasola Aiyesimoju, also known as Fola, serves as Non-Executive Director at UACN Property Development Company Plc. He serves as Non-Executive Director at UAC of Nigeria PLC, since March 28, 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Folasope Aiyesimoju	Group MD & Director	5.1yrs	no data	1.61% NGN 697.9m
Babafunke Ijaiya-Oladipo	Group Finance Director & Executive Director	3.4yrs	no data	0.0086% NGN 3.7m
Adebolanle Badejo	Group Investment Director & Executive Director	no data	no data	no data
Ayomipo Wey	Group General Counsel & Company Secretary	2.3yrs	no data	no data
Alexander Goma	Managing Director of Grand Cereal	no data	no data	no data
Gboye Adedeji	Managing Director of Livestock Feeds PLC	no data	no data	no data
Oladele Ajayi	Managing Director of UAC Foods Limited	5.8yrs	no data	no data

4.3yrs

Average Tenure

Experienced Management: UACN's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Folasope Aiyesimoju	Group MD & Director	6.2yrs	no data	1.61% NGN 697.9m
Babafunke Ijaiya-Oladipo	Group Finance Director & Executive Director	2.8yrs	no data	0.0086% NGN 3.7m
Adebolanle Badejo	Group Investment Director & Executive Director	less than a year	no data	no data
Bolaji Odunsi	Independent Non-Executive Director	5.6yrs	no data	no data
Suzanne Iroche	Independent Non-Executive Director	4.8yrs	no data	no data
Daniel Agbor	Non-Executive Chairman	8.5yrs	no data	1.2% NGN 519.8m
Karl Toriola	Independent Non-Executive Director	4.3yrs	no data	no data
Khalifa Biobaku	Non-Executive Director	2.2yrs	no data	no data

4.5yrs

Average Tenure

59yo

Average Age

Experienced Board: UACN's board of directors are considered experienced (4.5 years average tenure).

UAC of Nigeria Management

Management criteria checks 2/4

Key information

Recent management updates

UAC of Nigeria PLC, Annual General Meeting, Jun 20, 2024

Less than half of directors are independent

Less than half of directors are independent

Recent updates

First quarter 2024 earnings released: EPS: ₦1.85 (vs ₦0.29 loss in 1Q 2023)

Investor sentiment deteriorates as stock falls 15%

UAC of Nigeria PLC, Annual General Meeting, Jun 20, 2024

Dividend of ₦0.22 announced

Investor sentiment deteriorates as stock falls 18%

Full year 2023 earnings released: EPS: ₦2.76 (vs ₦1.07 loss in FY 2022)

New major risk - Earnings quality

Investor sentiment deteriorates as stock falls 15%

New minor risk - Share price stability

Investor sentiment improves as stock rises 27%

Third quarter 2023 earnings released: EPS: ₦1.93 (vs ₦0.29 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₦0.82 (vs ₦0.35 loss in 2Q 2022)

Upcoming dividend of ₦0.22 per share at 2.3% yield

First quarter 2023 earnings released: ₦0.29 loss per share (vs ₦0.18 profit in 1Q 2022)

Full year 2022 earnings released: ₦1.20 loss per share (vs ₦0.63 profit in FY 2021)

Price target decreased to ₦10.59

Less than half of directors are independent

Third quarter 2022 earnings released: ₦0.29 loss per share (vs ₦0.09 loss in 3Q 2021)

Price target decreased to ₦10.59

Second quarter 2022 earnings released: ₦0.35 loss per share (vs ₦0.059 loss in 2Q 2021)

Upcoming dividend of ₦0.65 per share

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: ₦0.18 (vs ₦0.12 in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: EPS: ₦0.63 (vs ₦0.74 in FY 2020)

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: ₦0.085 loss per share (vs ₦0.33 profit in 3Q 2020)

UAC of Nigeria PLC (NGSE:UACN) agreed to acquire remaining 49% stake in UAC Foods Limited from Tiger Brands Limited (JSE:TBS).

Second quarter 2021 earnings released: ₦0.059 loss per share (vs ₦0.48 loss in 2Q 2020)

Upcoming dividend of ₦1.20 per share

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS ₦0.76 (vs ₦3.23 in FY 2019)

Investor sentiment improved over the past week

New 90-day high: ₦8.95

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS ₦0.90 (vs ₦3.23 in FY 2019)

Third quarter earnings released

New 90-day high: ₦7.25

Analysts update estimates

New 90-day low - ₦5.50

New 90-day low - ₦6.20

Custodian Investment Plc (NGSE:CUSTODIAN) sign a binding agreement to acquire 51% stake in UACN Property Development Company Plc (NGSE:UAC-PROP) from UAC of Nigeria Plc (NGSE:UACN)

Imperial Logistics Limited (JSE:IPL) completed the acquisition of an additional 8% stake in MDS Logistics Limited from UAC of Nigeria PLC (NGSE:UACN).

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age