• Saturday, September 28, 2024
businessday logo

BusinessDay

UACN gets shareholders nod to pay 22 kobo dividend

UACN gets shareholders nod to pay 22 kobo dividend

The board of directors of UAC of Nigeria Plc at the company’s Annual General Meeting (AGM) held on June 20 in Lagos got the approval of shareholders to pay a dividend of 22 kobo per ordinary share of 50 kobo.

The approved dividend will be paid to all shareholders whose names appear in the company’s register of members as of June 6, 2024, subject to appropriate withholding tax.

In respect of the 2023 financial year, the chairman of the Board of Directors laid the audited financial statements together with the report of the directors, auditors and the audit committee for the year ended December 31, 2023 before the shareholders.

The shareholders adopted the financial statement and the reports of the directors, auditors and the audit committee.

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. 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).