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Neimeth Plc Declares Bonuses for Shareholders

By Modupe Gbadeyanka

This will definitely come as good news to shareholders of Neimeth International Pharmaceutical Plc, a leading firm in the pharmaceutical industry in Nigeria.

This is because the company is planning to reward its shareholders bonuses.

Neimeth International Pharmaceutical Plc is proposing giving out bonus of one for 10 to its shareholders.

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The company made this known in a notice to the Nigerian Stock Exchange (NSE) on Thursday.

In the letter signed by its Company Secretary, Mrs Onyenekwe, Neimeth Plc said this development was an addition to the financial statement disclosure for the year ended September 30, 2016.

Despite the proposed bonus of one for every 10 shares to be approved by shareholder during the company’s Annual General Meeting (AGM) on February 7, 2016, the company declared no dividend.

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The company however noted that its register would be closed on January 31, 2016, to be reopened on February 3, 2017.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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