Fan Milk Proposes Zero Dividend, Fixes AGM for August 27

Fan Milk dividend

By Adedapo Adesanya

Top FMCG company, Fan Milk Plc, will hold its 55th Annual General Meeting (AGM) on Thursday, August 27 2020.

The dairy and food products company made the disclosure in a notice sent to the NASD Over-the-Counter (OTC) Securities Exchange where it trades it securities, adding that it will not be paying any dividend to its shareholders for the year 2019.

But the AGM has been scheduled to hold at Executive Lounge, Radisson Hotel Ikeja, 42/44 Isaac John, Ikeja, GRA, Lagos from 12:00 noon.

Fan Milk Plc was incorporated on November 4, 1961, and was admitted to trading its securities on NASD OTC Securities Exchange market on February 25, 2016, with security code SDFANMILK.

The company is principally engaged in the production and distribution of dairy and food products. It has an issued and fully paid capital of 999.82 million Ordinary Shares of 50 kobo each.

As at the time of this report, the company securities closed the day at N20 per share, indicating no movement so far in the year.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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