UAC of Nigeria Plc approves disbursement of dividends worth N3.46 billion to shareholders.

The Board of UAC of Nigeria Plc has approved the disbursement of total dividends worth N3.46 billion representing N1.20 per share for the 2020 financial year.

The decisions is part of the resolutions reached at the recently concluded Annual General Meeting of the company, held at Marina, Lagos on 30th of June, 2021.

The breakdown of the total dividend of N1.20 per share shows that the sum of 65 kobo per share was allocated as ordinary dividend to shareholders, while an additional 55kobo per share was earmarked as special dividend to qualified shareholders. The total dividend will be paid on all the outstanding 2,881,296,580 ordinary shares of the company.

In line with the above, it is imperative to note that the approved dividend which is subject to appropriate withholding tax will be paid out to all the shareholders, whose names appear on the Register of Members as at the close of business on 14th of June, 2021.

Affirming this, a notice issued by the company read: ‘’ That an ordinary dividend of 65 kobo per ordinary share and a special dividend of 55 kobo per ordinary share be paid on July 1 2021 to all shareholders registered in the books of the Company at the close of business on June 14 2021.’’

Other decisions reached at the recently concluded AGM of the company are;

  • Two (2) retiring Directors were re-elected into the Board of the company.
  • Five (5) representatives were elected into the Statutory Audit Committee of the company.
  • The remuneration of the Non-Executive Directors of the Company were fixed at N106.6 million

What you should know:

  • UAC of Nigeria Plc had earlier reported a profit after tax of N3.86 billion in FY 2020, indicating a decline of 27.8% when compared with the amount declared in similar period of 2019.

For view resolutions reached at the recently concluded AGM, click HERE.

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