Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:Dividend and Bonus Share
The Board has resolved to recommend to the shareholders for their approval at the forthcoming Annual General Meeting, scheduled for 25th May 2018:
a) the payment of a first and final dividend for the year of Shs 1.00 per ordinary share, which will be payable to the shareholders registered on the Company’s register at the close of business on 30th April 2018. Upon receipt of shareholders’
approval, the dividend will be paid on or immediately after 25th May 2018; and
b) subject to regulatory approval, the issuance of bonus shares of one (1) new fully paid up bonus share of par value Shs 5.00 for every ten (10) ordinary shares of par value Shs 5.00 to be issued to the shareholders registered on the Company’s register at the close of business on 30th April, 2018. Upon receipt of the requisite approvals, shareholders will be credited with the bonus shares on or immediately after 25th May 2018. The Bonus shares will not be entitled to receive any dividend declared and approved for the year.
Pesa Nane plans to be shilingi when he grows up.
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