By Dipo Olowookere
The board of Ikeja Hotel Plc has proposed the payment of 3 kobo per 50 kobo ordinary share to shareholders for the period ended June 30, 2019.
This information was made known in a notice to the Nigerian Stock Exchange (NSE) on Wednesday.
In the disclosure, the board noted that the proposed dividend was subject to appropriate withholding tax and approval and would be paid to shareholders whose names appear in the Register of Members as at the close of business on August 12, 2019, which is the qualification date.
According to the statement, the cash reward would only be paid on August 28, 2019, electronically to shareholders who have completed the e-dividend registration and have mandated the registrar to pay their dividends directly into their bank accounts.
In view of this, Ikeja Hotel has urged shareholders who are yet to complete the e-dividend registration to download the Registrar’s E-dividend Mandate Activation Form on the website of the company’s registrar, Greenwich Registrars & Data Solutions, complete and submit to the registrar or their respective banks.
The firm said in the disclosure that the register of shareholders would be closed from August 13 to 16, 2019.
Adedapo Adesanya 
Modupe Gbadeyanka