FBN Holdings Changes Dividend Payment Qualification Date

By Dipo Olowookere

The board of FBN Holdings Plc has announced a change in the date of qualification date for the payment of the dividend proposed by the decision making organ of the company.

Last week, the board of directors of FBN Holdings recommended the payment of a cash dividend of 26 kobo per share to shareholders of the company.

It was disclosed that the dividend payment, which amounts to N9.3 billion, was for the 2018 financial year.

The board had then disclosed that the qualification date for the dividend was April 22, 2019, while the register of shareholders would be closed from April 23 to 29, 2019.

But in a notice to the Nigerian Stock Exchange (NSE) on Monday, the board shifted the date of the qualification by a day.

The board explained that the date was moved forward by 24 hours because the former date falls on a public holiday in Nigeria.

“FBN Holdings wishes to inform its shareholders that the qualifying date for payment of dividend as communicated in the notice to Annual General Meeting (AGM) has now been changed to April 23, 2019.

“The change in date is due to the original qualifying date of April 22, 2019, falling on a public holiday.

“Consequently, the register of members will now be closed from April 24 to 29, 2019 (both days inclusive), to enable the registrars update records in preparation for the payment of dividend,” the statement yesterday said.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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