Cutix proposes 15kobo final dividend, bonus share of one for one

Cutix Plc has proposed a final dividend of 15 kobo per share which is subject to appropriate withholding tax and approval.

The proposed final dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on August 16, 2024.

Also, the Cutix has proposed bonus shares in the ratio of one new share for every one existing share held by shareholders whose names appear in the Register of Members at the close of business on Friday, August 16, 2024. The propose bonus share is also subject to the approval of the appropriate regulatory authorities.

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The register of shareholders of the company will be closed from August 19, 2024, to August 23, 2024. The qualification date is August 16, 2024.

The final dividend payment is on September 4, 2024 and the dividends will be paid electronically to shareholders whose names appear on the Register of Members as at August 16, 2024 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.