UBA Fixes Sept 18 for Payment of 20 kobo Interim Dividend

By Dipo Olowookere

The board of United Bank for Africa (UBA) has said it would pay an interim dividend of 20 kobo for every ordinary share of 50 kobo each of the company held by its shareholder.

This cash reward is for the half year ended June 30, 2019, Business Post reports.

The payment, which is subject to applicable withholding tax, would be paid electronically on Wednesday, September 18, 2019, to shareholders whose names appear on the register of members as at the close of business on September 12, 2019.

The money would also be paid to the company’s investors who have completed the e-dividend registration and mandated the registrar, Africa Prudential Plc, to pay their dividends directly into their bank accounts.

In a disclosure to the Nigerian Stock Exchange (NSE) on Friday, the tier-one lender said its register of members would be closed on Friday, September 13, 2019 to enable the registrars prepare for the payment of interim dividend.

“Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend  Mandate  Form,  which  is  available  at http://www.africaprudential.com, complete and submit to the Registrar at the address below, any UBA Branch or their respective banks.

“Shareholders are also advised to update their records with the Registrar as may be required. Shareholder data form is also available on the Registrar’s website.

“Duly completed forms should be returned to the Registrar; Africa Prudential Plc, at 220B Ikorodu Road, Palmgrove Bus-Stop, Lagos or any UBA Branch.

“Alternatively, scanned completed forms can be sent to info@africaprudential.com or investorrelations@ubagroup.com.

“Shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar,” the notice 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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