NASCON Allied Industries Plc approves FY 2020 dividend payment of 40 kobo per share.

The Board of NASCON Allied Industries Plc has approved a dividend payment of 40 kobo per share, to all shareholders whose names appeared in the Company’s Register of Members at the close of business on April 22, 2021.

This is part of the resolutions reached during the recently concluded Annual General Meeting of the firm, held on the 28th of May, 2021.

An abstract of the ordinary resolutions reached during the AGM reads: ‘’ It was resolved that a dividend of 40k per ordinary share of 50k be and is hereby approved in respect of year 2020 and payable to shareholders whose names are in the Register of members on 22nd April, 2021.’’

Other resolutions reached at the Annual General Meeting include;

  • The re-appointment of Mr. Olakunle Alake, Professor Chris Ogbechie and Alhaji Ladan Sada Baki into the company’s Board as Directors were reviewed and approved.
  • PricewaterhouseCoopers (PWC) was appointed as the Auditors of the company till the next AGM.
  •  The remuneration of the Directors for the year ending 31st December, 2021 were fixed as follows; Chairperson (N3 million), Non-Executive Directors (N2.5 million).

What you should know:

  • Recall that NASCON Allied Industries Plc had earlier reported a profit after tax of N2.7 billion in FY 2020.

For more information about the disclosure, click HERE.

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