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SHAREHOLDERS
The Chief Executive Officer of PZ Cussons, Jonathan Myers has stated that the company would continue its asset disposal program following access to dollars in Nigeria.
The company to raise additional equity capital of up to N150 billion via a Rights Issue or offer for subscription, with terms to be determined by the Directors.
Directors declared and paid an interim dividend of 50 Kobo per ordinary share on the share capital of 29,431,179,224 Ordinary Shares of 50 Kobo each, for the half-year period ended June 30, 2023.
First Bank Holding Plc, one of the nation’s premier commercial banks, will seek shareholders’ approval to raise N300 billion in additional capital at the group’s Extraordinary General Meeting (EGM) scheduled to hold virtually on Tuesday, April 30, 2024.
Head of investment and research at Meristem Securities Limited, Praise Ihensekhien, has hinted that the recent recapitalization policy by the Central Bank of Nigeria (CBN) could result in a shift of preference among shareholders and investors towards bank stocks, due to an increased flow of liquidity into the banking sector.
Shareholders of Unilever Nigeria Plc will receive a dividend of N4.309 billion for the financial year ended December 2023, representing a total dividend of N0.75 kobo per share declared by the Board of Directors of the company.
The dividend is subject to the appropriate withholding tax and will be will be paid to shareholders whose names appear in the Register of Members as at the close of business on 15th of April 2024
Shareholders of UAC Nigeria Plc will receive a dividend of N643.749 million for the financial year ended December 2023, representing a total dividend of N0.22 kobo per share declared by the conglomerates.
Shareholders of Africa Prudential Plc have endorsed the recommendation of the Board of Directors for a full-year dividend of N900 million, which translates to a dividend payout of forty-five (45) kobo per share.
The development underscores the importance of a strong collaborative effort between regulatory authorities in the capital market and shareholders to ensure the protection of investors
International Breweries Plc secured approval for a $379.9 million shareholder loan from AB InBev Nigeria Holdings BV.
The NGX started the week on a bearish note as the All-Share Index declined by 0.4%, losing 421.91 points to close at 104,663.34 points.