Ikeja Hotel Fixes August 7 for Dividend Payment

Ikeja Hotel

By Dipo Olowookere

Those who have shares in Ikeja Hotel Plc will have their bank accounts credited on Friday, August 7, 2020, the company has said.

The money is for the 2 kobo dividend proposed by the board for the year ended December 31, 2019, though this is subject to approval of shareholders at an Annual General Meeting (AGM) fixed for Thursday, July 30, 2020.

Also, the cash reward is only for investors, whose names appear on the register of members as at the close of business on Wednesday, July 1, 2020, and who have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.

According to a notice released by the hospitality firm, the 2 kobo final dividend is subject to appropriate withholding tax.

From Thursday, July 2 to Wednesday, July 8, 2020, the register of shareholders will be closed by the registrar, Greenwich Registrars and Data Solutions in order to collate those who would benefit from the payment.

Shareholders who are yet to complete the e-dividend registration have been advised to download the form from the registrars’ website (www.gtlregistrars.com) complete and submit to the registrars or their respective banks.

Also, shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation have been urged 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 dipo.olowookere@businesspost.ng

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