Tag: Guinness Nigeria Plc

The Board of Directors of Guinness Nigeria Plc has extended the timeline for the payment of its FY 2020 final dividend by a week, from an initial proposed date of 20th of October to 27th of October, 2021.

This is according to a recent notice sent to the Nigerian Exchange Group Plc (NGX) and captioned: ‘’Update on Corporation Actions Announcement,’’ as seen by Nairametrics.

 Key findings from the recent notice revealed that;

• The proposed amount of N0.46k per share remained the same in both notifications.
• The qualification date also remained unchanged, retaining the earlier date of 28th of September, 2021.
• However, the date for the Company’s Annual General Meeting was rescheduled to 26th of October as against an initial date of 19th of October, 2021.

Recall that Guinness Nigeria Plc had earlier earmarked a total sum of N1.01 billion as final dividend to be paid to the shareholders of the company who currently hold the 2,190,382,819 fully paid ordinary shares of the company.

For more information about the recent disclosure, click HERE.

Guinness Nigeria Plc has declared a final dividend of N0.46k per 50 kobo ordinary share, which amounts to N1.01 billion for the financial period ended June 30, 2021.

This is according to a notice signed by the company’s secretary, Rotimi Odusola and filed with the Nigerian Exchange Limited (NGX).

It is pertinent to note that the final dividend of 46 kobo per share which is subject to appropriate withholding tax and approval will be paid on all of the company’s 2,190,382,819 outstanding shares. This puts the total amount to be disbursed as final dividends N1, 007,576,096.74

Consequently, on 20th of October 2021, the dividend will be paid electronically to the shareholders whose names appear in the Register of Members as at the close of business on September 28, 2021.

To facilitate and expedite the payment process, the Company’s Register of Shareholders will be closed from 29th of September to 4th of October, 2021. In addition, the company will be hosting its Annual General Meeting in Lagos on 19th of October 2021, to approve the disbursement and discuss other pertinent issues.

To qualify for participation, shareholders are urged to ensure that their names appear on the Company’s Register of Members as at the aforementioned date and ensure that they complete the e-dividend registration form. They are also expected to mandate the Registrar (Veritas Registrars Limited) to pay their dividends directly into their bank accounts.

What you should know:

• Guinness Nigeria Plc had earlier recorded a 110% surge in its bottom line to N1.26 billion for the 2020 FY Period. Other key financial metrics also recorded a double digit growth, such as top line which grew by 54% YoY to N160.42 billion and earnings per share (EPS) which printed 57 kobo, advancing by 110% YoY.
• Based on its impressive performance for the period, a dividend of 46 kobo per share, totalling over N1 billion was declared for the period.
• Guinness Nigeria closed trading today 27th of September, 2021 at N30 per share.

Guinness Nigeria Plc has notified shareholders, the Nigerian Exchange Limited (NGX), the investing public and other stakeholders that it will be hosting a Board of Directors Meeting on the 19th day of October, 2021.

This is according to a recent notice issued by the brewing giant and filed with the Nigerian Exchange Limited (NGX), as seen by Nairametrics.

According to the disclosure, the Board meeting was scheduled to enable the company consider and approve its financial results for the quarter ending 30th of September 2021, amongst other issues. If approved, the company’s result for the period is expected to be published on the NGX website on or before 20th of October, 2021.

Consequently, the Company will commence a closed period from 30th of September, 2021 until 24 hours after the outcome of the Board Meeting is announced to the investing public. During the closed period, no director, person discharging managerial responsibility and adviser of the Issuer and their connected persons shall deal in the securities of the Company.

See link to notice.

Guinness Nigeria Plc has announced that it will be hosting its 71st Annual General Meeting on the 19th of October, 2021. The meeting will be held at Raddison Blu Hotel located on Ozumba Mbadiwe Avenue, VI-Lagos, by 11:00 am prompt,

This is according to a statement issued by the company and signed by its secretary, Rotimi Odusola, made available on the website of the Nigerian Exchange Limited (NGX)

According to the notice, some of the issues to be discussed include;

• The audited financial statement for the year ended June 30, 2021, and the report of its Directors, auditor, and the audit committee.
• To declare a dividend
• Board appointments will also be considered and ratified.
• To fix remuneration of managers and Directors in FY 2021.
• To elect shareholders’ representatives of the statutory audit committee, among others.

In view of the directives on physical distancing and the restriction on maximum number of people at every gathering due to the COVID-19 pandemic, attendance at the AGM shall only be by proxy in accordance with section 254 of the Companies and Allied Matters Act 2020 and as approved by the Corporate Affairs Commission.

What you should know:

• Guinness Nigeria Plc had earlier reported a profit after tax of N1.26 billion in FY 2020. The bottom line grew by about 110% YoY.
• As at the period of reporting this, Guinness Nigeria Plc is currently trading at N30.5 on the floor of the Nigerian Exchange Limited (NGX).

For more information about the AGM, click HERE.