Forte Oil to Pay Interim Dividend of N1.15k June 10

By Dipo Olowookere

The board of Forte Oil Plc has announced that the company will pay its shareholders an interim dividend of N1.15k per share on Monday, June 10, 2019 for the period ended March 31, 2019.

In a statement yesterday, the energy company said the payment is mainly for shareholders whose names appear in the register of members as at the close of business on Monday, June 3, 2019.

It further stressed that the interim dividend was subject to appropriate withholding tax and approval.

The firm stated that it would close register of shareholders from June 4 to 7, 2019, while only shareholders who have completed the e-dividend registration and have mandated the Registrar to pay their dividends directly into their bank accounts would receive the payment.

Forte Oil advised shareholders who are yet to complete the e-dividend registration to download the Registrar’s E-Dividend Mandate Activation Form on their website, complete and forward same to the Registrar, Veritas Registrars located in Lagos.

It also urged shareholders with dividend warrants and share certificates that remained unclaimed, or are yet to be presented for payment or returned for validation to complete the e-dividend registration or contact the Registrar.

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

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