Lagos, Nigeria, 27, November, 2017 – It was a historic evening for United Capital Plc who achieved a remarkable feat, winning five awards, three of which were in the Main Competitive Award Category at last night’s PEARL Nigeria Awards. The firm also received the overall highest award ‘The PEARL’ ousting AIICO Insurance Plc and Total Nigeria Plc. ‘The PEARL’ award was based on United Capital’s outstanding operational and stock performance in 2016.
Other awards won by United Capital Plc included:
-Sectoral Leadership Award, Financial Services – Other Financial Institutions (Main Competitive Award Category)
-Sectoral Leadership Award, Highest Dividend Yield (Main Competitive Award Category)
-Good Corporate Governance Award (Special Recognition Award Category)
-Outstanding CEO of the Year Award(Honorary Award Category)
The PEARL Awards Nigeria, is one of Nigeria’s foremost award recognition bodies, focused on rewarding corporate excellence in local institutions and promoting healthy competitiveness amongst quoted companies through growth, diversification and innovation; ultimately leading to improved performance on the Nigerian Stock Exchange.
It has been a bright year for United Capital Plc having surpassed market expectations increasing revenue by 27.8% in Q3 2017, despite the sustained macroeconomic market downturn throughout the year. United Capital’s ability to remain resilient and committed to its Pan African strategy to be the financial and investment role model across Africa, deploying innovation, technology, and specialist skills to exceed client expectations while delivering superior value to all stakeholders, is a testament to their position as a market leader in Africa. New offerings such as Wealth Management, a Wealth for Women Mutual Fund, a Nigerian Eurobond Mutual Fund, and the recently upgraded online trading platform ‘InvestNow 2.0’ are just a few examples of United Capital’s dedication to capital market development and ensuring customer service excellence.
In addition to the outstanding accolades awarded to United Capital at last night’s awards ceremony, United Capital has bagged a number of market leadership awards this year including, ‘Deal of the Year’ Award at the 2017 BUSINESSDAY Banker Awards for their strategic role in executing Nigeria’s first ever $300 million Diaspora Bond and Oluwatoyin Sanni, Group CEO, United Capital Plc was awarded ‘Business Woman of the Year – West Africa’ at CNBC Africa’s All African Business Leaders Awards (AABLA) in the month of October. As the 2017 CEO of the Year Award recipient at the PEARL Awards, Mrs. Sanni is also the first ever female CEO to win this award in the 22 year history of PEARL Awards Nigeria.
The strong performance of United Capital has not gone unnoticed by shareholders either. Within the last month, the United Capital (UCAP) share price has seen a number of upward spikes as a direct response to the various market accolades. On October 31, the firm’s share price was N3.01 which rose to N3.38 on November 6, resulting in a 12.3% appreciation in less than a week.
‘We believe this appreciation in our share price was attributable to increased interest from shareholders in response to sustained positive performance from the company, having continued to deliver excellent value to shareholders. Our shareholders have every reason to be confident in the growth of our business and its overall corporate governance. Knowing that we can not rest on our laurels, we will continue to deploy all necessary resources towards our purpose of transforming the African continent through the provision of world-class investment banking services. We are doing this by building our business for tomorrow, whilst delivering competitive value today. We will also leverage our strong current year performance to propel us into an even stronger 2018, as we continue to partner with clients and counter-parties to deliver top-notch products and services to suit their investment and financial objectives,’ explained Oluwatoyin Sanni, Group CEO, United Capital Plc.