The board of directors of Fidson Healthcare Plc recommended a dividend of N180 million, which the shareholders approved last week at the Annual General Meeting (AGM) in Lagos. The dividend, which translated into 12 kobo per share, was an improvement on the 10 kobo paid the previous year. The shareholders, who spoke at the meeting, commended the board for making profit and paying dividend.
The shareholders also approved an increase in the company’s authorised share capital from N750 million shares of 50 kobo each to N1.5 billion by the creation of additional 900 million ordinary shares of 50 kobo each, ranking pari passu in all respect with existing ordinary shares.Fidson Shareholders Receive N180m dividend