UAC Nigeria Fixes May 18 for Dividend Qualification Date

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By Dipo Olowookere

The board of directors of UAC Nigeria Plc has fixed Monday, May 18, 2020 as the qualification date for the 10 kobo dividend payment it recommended recently.

In a notice to the Nigerian Stock Exchange (NSE) on Monday, the conglomerate, however, said it’s yet to fix a date for the payment of the cash reward to shareholders.

Over the weekend, the company released its financial statements for the year ended December 31, 2019 and the payment of dividend was proposed by the board.

In the disclosure today, it was stated that the dividend of 10 kobo per ordinary share, which is subject to appropriate withholding tax and approval, “will be paid to shareholders whose names appear in the register of members as at the close of business on Monday May 18, 2020.”

UAC Nigeria further said, “The register of shareholders will be closed from Tuesday, May 19 to Friday, May 22, 2020 (both dates inclusive).”

However, it stressed that the company’s Annual General Meeting (AGM), where the dividend would be approved for payment by investors of the firm, will be held at venue, date and time “to be advised.”

The board noted that, “On date of payment to be advised, dividends will be paid electronically to shareholders whose names appear on the register of members as at Monday, May 18, 2020 and who have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.”

It therefore, stated that, “Shareholders who are yet to complete the e-dividend registration are advised to download the registrar’s E-Dividend Mandate Activation Form, which is also available on https://africaprudential.com/forms-offers/, complete and submit to the registrar or their respective banks.”

It further said, “Shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the registrar.”

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