Home Business Corporate actions for the week ending 6th of July 2018

Corporate actions for the week ending 6th of July 2018

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Here is a recap of stocks that had corporate actions last week and those expected this week.

Corporate actions include payment of dividends, closure of shareholders’ registers, and qualification dates for dividends or bonuses.

It also includes the list of companies that will be holding their Annual General Meetings (AGMs) during the week.

Corporate actions held last week

Capital Hotels Plc

Capital Hotels Plc held its Annual General Meeting on June 27, 2018.

NPF Microfinance Bank Plc

NPF Microfinance Bank held its Annual General Meeting on June 28, 2018. A dividend of N0.17 per share was recommended for the 2017 financial year.

Mutual Benefits Assurance Plc  

Mutual Benefits Assurance Plc held its Annual General Meeting on June 27, 2018. Dividend payment commenced on June 28, 2018. The proposed dividend of N0.02 is the company’s first in nearly a decade.

MRS Oil Plc

Shareholders on its register as at June 28, 2018, qualified for a 1 for 5 dividend bonus.

BOC Gases Nigeria Plc

BOC Gases held its Annual General Meeting on June 28, 2018. A dividend of N0.20 per share was paid on the same date.

Dangote Flour Mills Plc

Dangote Flour Mills held its Annual General Meeting on June 22, 2018. A dividend payment of N0.20 per share took place on June 27, 2018.

Newrest ASL Nigeria Plc

Newrest ASL held its Annual General Meeting on June 26, 2018. Dividend payment took place the next day. A dividend of N0.17 per share was paid.

Okomu Oil Palm Company Plc

Okomu Oil paid a dividend of N3 per share for the 2017 financial year on June 25, 2018.

Corporate Actions for this week

Presco Plc

Presco Plc was incorporated in Nigeria on September 24, 2001. The company became a public limited liability company in 2002, and following an Initial Public Offer (IPO) in the same year, was listed on the Nigerian Stock Exchange (NSE).

Qualification date for Presco Plc’s dividend is on July 6, 2018. The company will be paying a dividend of N2 per share for the 2017 financial year.

Learn Africa

Learn Africa Plc was established in 1961 as Longman Nigeria – a book publishing firm wholly owned by Longman Group UK Limited, now Pearson Education. On July 23, 1996, the shares of Longman Nigeria Plc were listed on the NSE.

In 2008, the company became a subsidiary of Pearson Plc. In 2011, Pearson and Longman Nigeria mutually agreed to become separate corporate entities in Nigeria.

Learn Africa Plc is into publication and marketing of books at all levels.

Learn Africa’s qualification date is on July 6, 2018. The company will be paying a dividend of N0.14 per share.

NAHCO Aviance

NAHCO Aviance was incorporated on December 6, 1979, as an aviation servicing company.

At inception, the Federal Government, through the Federal Airports Authority of Nigeria (FAAN) held 60% equity interest in the company, while four foreign airlines – Air France, British Airways, Sabena, and Lufthansa – shared the remaining 40% in various ratios.

NAHCO Aviance was privatised in 2005 and listed on the NSE in 2006.

NAHCO Aviance will be closing its register from July 3 to July 5, 2018. The company will be paying a dividend of N0.25 per share.

LASACO Assurance

LASACO Assurance was incorporated on December 20, 1979, as Lagos State Assurance Company Limited. It obtained a licence as an insurer on July 7, 1980, and commenced business on August 1, 1980. It became a public limited liability company in 1991 when its shares were listed on the NSE.

LASACO Assurance will be paying a dividend of N0.03 on Thursday, July 5, 2018. This is for the 2017 financial year.

11 Plc (formerly Mobil Oil Plc)

11 Plc will be paying a dividend of N8 per share for the 2017 financial year.




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