At a meeting of the Board of Directors held on 18th December, 2018, the following resolutions were passed:
1. APPROVAL OF AUDITED ACCOUNTS
The Group Audited Financial Statements for the year ended 3oth September, 2018 was approved.
2. DIVIDEND RECOMMENDATION
The Board recommended a dividend of N260.51million representing 25kobo per share for the financial year ended 3oth September, 2018. The dividend is subject to Shareholders’ approval and withholding tax. If approved at the Annual General Meeting, the dividend will be paid on 8th March, 2019, to members whose names appear in the Register of members at the close of business on Friday 15th February, 2019.
3. BONUS ISSUE
The Board approved a bonus issue of 1 new share for every 5 existing ordinary shares to shareholders whose names appear on the register of members at the close of business on Friday 15th February, 2019. The new shares shall rank equally in all respects with the existing ordinary shares except that they shall not rank for the dividend recommended for the year ended 3oth September, 2018.
4. 2019 ANNUAL GENERAL MEETING
The company’s Annual General Meeting will be held at Lagos Sheraton Hotel, Mobolaji Bank Anthony Way, Ikeja, Lagos on Thursday 7th March, 2019.
5. CLOSURE OF REGISTER
The Register of Members and Transfer Books of the company will be closed from Monday 18th to Friday 22nd February, 2019.