FLOURMILL Announces to Pay Final Dividend for the Year Ended 31st March 2018

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Monday, July 16, 2018 05:01PM / NSE 

Flour Mills of Nigeria Plc (“Flour Mills of Nigeria” or “FMN”), the market leader in food and agro-allied products in Nigeria; issued its Notice of Annual General meeting (the “Notice”) dated 9th July 2018 informing the public of the meeting slated for 3oth August 2018. 

In the Notice, FMN announced that the dividend recommendation in the sum of N1 .00 per ordinary share of 50 kobo each by the Board of directors to the shareholders at the forthcoming annual general meeting, shall be subject to withholding tax, upon approval. The Company now wishes to advise the public that upon approval, the dividend payment is to be declared out of accumulated pioneer profit, hence not subject to withholding tax. 

We wish to assure the public of our commitment to continually create value for our customers, consumers and all key stakeholders, in furtherance of our core strategic focus of “Feeding the Nation, every day.”

 

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