By Adedapo Adesanya
Shareholders of Lafarge Africa Plc will have their bank accounts credited with cash payment of the N1 per share dividend proposed by the board of the cement company.
A statement from the organisation emphasised that this payment would only be made to investors who had shares of the company and their names appear on the register of members as at close of business on Thursday, April 30, 2020.
In the disclosure signed by the Company’s Secretary, Mrs Adeunmi Alode, and sent to the Nigerian Stock Exchange (NSE) on Monday, April 27, the cement manufacturer noted that the final dividend for the year ended December 31, 2019, would need the approval of shareholders at the Annual General Meeting (AGM).
The company’s AGM has been slated to take place on Wednesday, June 3, 2020 at a specific location and time yet to be announced by the board.
The company noted that for the purpose of the final proposed dividend, the register of shareholders will be closed from Monday, May 4 through Friday, May 8, 2020.
Lafarge Africa has called on shareholders who have not completed their electronic dividend payment registration should do that, noting that only those who have mandated the registrar through the registration would have their dividends paid electronically to their bank accounts.
Providing a guide, Lafarge Africa advised its shareholders to download the Registrar’s E-dividend Mandate Activation Form which is also available on the website of the its registrars, Cardinalstone Registrars: at www.cardinalstoneregistrars.com, complete and then submit to the registrar or their respective banks.
It also called on shareholders who are yet to claim their dividend warrants and share certificates to follow the aforementioned procedures or contact its registrars at Number 358 Herbert Macaulay Way, Beside St. Dominic Catholic Church, Yaba, Lagos.
Business Post had earlier reported that the company’s stock received a buy rating from analysts at CardinaStone Research.
