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Nigerian Stock Exchange

UBA Proposes N0.35 Final Dividend for Every Ordinary Share of 50 Kobo Each

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UBA

The board of directors of United Bank for Africa Plc has proposed a final dividend of N0.35 for every ordinary share of 50 kobo each following a declaration of N157 billion profit for 2020 financial year.

In a statement signed by Bili A. Odum, Group Company Secretary, UBA and seen by Investors King, the leading bank said the amount declared is subject to applicable withholding tax and will be paid to only shareholders whose names appear in the Register of Members as at the close of business on Friday, March 19, 2021.

UBA Register of Members will be closed from Monday, March 22, 2021 to Friday, March 26, 2021 to enable the Registrars prepare for payment of the final dividend.

The qualification date remained March 19, 2021. While final dividend will be paid electronically to shareholders whose names appear on the Register of Members as at close of business on Friday, March 19, 2021 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

However, those who are yet to register can do so by completing the e-dividend registration for available at http://www.africaprudential.com, complete and scan to cfc@africaprudential.com or investorrelations@ubagroup.com.

UBA general meeting is scheduled for Thursday, April 1, 2021. UBA Dividend.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Nigerian Stock Exchange

Hallmark Insurance, Japaul Gold Lead Gainers as Equities Market Closed in Green

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stock bull

Consolidated Hallmark Insurance Plc and Japaul Gold led gainers on Thursday as the Nigerian Stock Exchange closed in the green.

Investors exchanged 145.332 million shares valued at N1.576 billion in 3,525 transactions during the trading hours of Thursday.

Market value of listed equities inched slightly higher to N20.300 trillion while the Nigerian Stock Exchange All-Share Index gained 0.07 percent to 38,799.83 index points.

Banks’ stocks led the most traded stocks with First Bank of Nigeria Holdings leading with 21,851,331 shares valued at N157,179,233.85. This was followed by GTBank’s 20,500,310 shares estimated at N589,173,071.90. See the details below.

Top Trades

Symbols Volume Value
FBNH 21,851,331 N157,179,233.85
GUARANTY 20,500,310 N589,173,071.90
ZENITHBANK 17,584,133 N379,878,208.55
ACCESS 8,596,059 N68,887,206.60
JAPAULGOLD 7,580,118 N4,339,371.64

Top Gainers

Symbols Last Close Current Change %Change
CHIPLC N0.31 N0.34 0.03 9.68%
JAPAULGOLD N0.53 N0.58 0.05 9.43%
OANDO N3.1 N3.26 0.16 5.16%
AIICO N1.2 N1.26 0.06 5.00%
ZENITHBANK N21 N21.8 0.8 3.81%

Top Losers

Symbols Last Close Current Change %Change
ROYALEX N0.39 N0.36 -0.03 -7.69%
JAIZBANK N0.66 N0.62 -0.04 -6.06%
HONYFLOUR N1.19 N1.13 -0.06 -5.04%
LINKASSURE N0.84 N0.8 -0.04 -4.76%
DAARCOMM N0.21 N0.2 -0.01 -4.76%

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Nigerian Stock Exchange

Delist: 11 Plc Opens Escrow Account to Settle Shareholders

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Mobil Service Station

In a bid to complete its ongoing delisting process and settle shareholders accordingly, 11 Plc, formerly Mobil, has opened an escrow account with Greenwich Registrars and Data Solutions Limited and provided sufficient funds to shareholders, who as of March 15, 2021, have accepted the Exit Consideration of N213.90 per share based on the highest price of N213.90 at which 11 Plc traded in the last 6 months preceding the date of the Annual General Meeting where the resolution to delist was passed in line with the Nigerian Stock Exchange guidelines.

The company said, “Further to the application made to The Exchange by 11 Plc on the Voluntary Delisting of the Company from The Exchange as recommended by the Board of Directors, the Exchange approved the delisting application subject to 11 plc’s evidence of opening an escrow account in the Registrar’s name and evidence that shareholders who have accepted to exit have been paid.

11 Plc attributed the decision to delist from NSE to the need to strategise for better performance, minimise costs, and stay competitive within its industry.

On the escrow account, it said “the consideration accruing to shareholders of 11 plc that elect to accept the Exit Consideration has been computed as of March 15, 2021. The cash consideration will be settled by way of electronic transfer to the respective bank accounts of Shareholders and it is expected to be completed on or before April 16, 2021.

 

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Nigerian Stock Exchange

Dr. Ajoritsedere Josephine Awosika Access Bank Chairman Scoops More Access Bank Shares

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Dr. Ajoritsedere Josephine Awosika - Investorsking.com

Dr. Ajoritsedere Josephine Awosika, the Chairperson of Access Bank Plc, scooped additional 7,109,104 ordinary shares of the bank on Tuesday, according to the latest disclosure statement of the bank.

In the statement signed by Sunday Ekwochi, Company Secretary, Access Bank Plc, and released via the Nigerian Stock Exchange (NSE), Dr. (Mrs) Ajoritsedere Josephine Awosika acquired the shares on Tuesday 6th, April 2021 at N8.15 per share from the Nigerian Stock Exchange trading floor in Lagos, Nigeria.

At N8.15 per share, Mrs Awosika dumped N57.939 million on 7,109,104 shares of access bank.

Dr. (Mrs.) Ajoritsedere Josephine Awosika, MFR is an accomplished administrator with over three decades’ experience in public sector governance. She was at various times, the Permanent Secretary in the Federal Ministries of Internal Affairs, Science & Technology and Power. She is a Fellow of the Pharmaceutical Society of Nigeria and the West African Postgraduate College of Pharmacy. She holds a Doctorate degree in Pharmaceutical Technology from the University of Bradford, United Kingdom.

She was appointed to the Board of Access Bank in April 2013 and served as the Vice-Chairman of the Board Audit Committee and Chairman of the Board Credit and Finance Committee.

Dr. Awosika sits on the boards of Capital Express Assurance Ltd and Josephine Consulting Limited.

She became the Chairman of the Board on January 8, 2020 following the retirement of Mrs. Mosun Belo-Olusoga.

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