Connect with us

Dividends

Airtel Africa Announces Currency Exchange Rates for Dividend

Published

2 years ago

on

Dividend - Investors King

Airtel Africa, a leading telecommunications company in Africa, on Tuesday announced default currency and options on currency election for the proposed final dividend.

According to the telecommunication giant, shareholders on the register as of the close of business on 24 June 2022 would be paid 3 cents per ordinary share on July 22, 2022.

However, the management has said shareholders can receive their dividend payment in U.S. Dollars, GB Pounds or Nigerian Naira.

For Airtel Africa London Stock Exchange Investors

Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GB pounds or U.S. dollars.

Partial elections are not permissible.

Holders electing to receive a dividend should specify a choice of currency by completing the Currency Election Form and return to Computershare Investor Services plc.

Shareholders holding their shares on the LSE who do not indicate their currency of choice before 11 July 2022 will receive their dividends in U.S. dollars.

The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 11 July 2022.

Currency election forms can be obtained by contacting the Company’s Registrars, Computershare Investor Services plc, on the Company’s dedicated telephone line: +44(0)370 7030027.

For Airtel Africa Nigerian Exchange Limited Investors

Shareholders that hold their shares on the Nigerian Stock Exchange may elect to receive their entire dividend payment in Nigerian naira or U.S. dollars.

Partial elections are not permissible. Holders electing to receive a dividend in U.S. dollars should complete the Currency Election. Form and return to Coronation Registrars Limited or email to eforms@coronationregistrars.com. Shareholders holding their shares on the NSE who do not indicate their currency of choice before 11 July 2022 will receive their dividends in Nigerian naira.

The closing date for the dividend currency election to the Company’s Registrars Coronation Registrars Limited in Nigeria is 11 July 2022.

Currency election forms can found on the website of the Company’s Registrar www.coronationregistrars.com or this direct link: https://coronationregistrars.com/currencyelection-form/
The following currency exchange rate will be applicable in the determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment:

Exchange Rate

1 USD = 419.50 Nigerian naira
1 USD = 0.8163 GB pounds

The exchange rate for the Nigerian naira or GB pounds amounts payable was determined by reference to the exchange rates applicable to the U.S. dollar available on 20 June 2022.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Continue Reading
Comments

Dividends

Access Holdings to Pay N15.99 Billion Interim Dividend, Aig-Imoukhuede to Receive N1.151 Billion

Published

1 month ago

on

September 24, 2024

By

Aigboje Aig-Imoukhuede

Access Holdings Plc has announced an interim dividend of 45 kobo for every ordinary share of 50 kobo held in the company in the first half (H1) of 2024.

With 35.545 billion in outstanding shares, this translates to N15.99 billion in interim dividend. However, Aigboje Aig-Imoukhued, the chairman of Access Holdings, will take home N1.151 billion in dividend.

The chairman presently holds 119,231,715 direct shares and 2,438,256,720 indirect shares in the company, according to the company’s latest financial statement obtained by Investors King.

According to the lender, subject to appropriate withholding tax the dividend will be paid to shareholders whose names appear on the Register of Members at the close of business on Thursday, October 3, 2024.

The bank will pay dividends on Thursday, October 17, 2024 to all shareholders whose names appear on the Register of Members at the close of business on Thursday, October 3, 2024.

These shareholders are expected to have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on https://theaccesscorporation.com/ and complete and submit it to either the Registrar, their respective Banks or any Access Bank Plc branch.

Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.

Access Holdings grew profit after tax by 108% to N347.922 billion from N167.601 billion filed in H1 2023 while gross earnings jumped 133.5% from N940.311 billion in the first half (H1) of 2023 to N2.196 trillion in H1 2024.

Continue Reading

Dividends

Guaranty Trust Holding Company Declares N1 Interim Dividend, Sets October 7 for Payout

Published

2 months ago

on

September 13, 2024

By

GTBank -Investors King

Guaranty Trust Holding Company Plc has announced its plan to pay a sum of N1 per share of 50 kobo as interim dividends, to all registered shareholders on October 7, 2024.

According to a recent statement issued by the company on NGX , “the dividend is subject to withholding tax deduction, and will be paid to shareholders whose names appear in the register as of September 25, 2024.”

In its recently released audited consolidated and separate financial statements for the period ended June 30, the Group reported profit before tax (PBT) of N1.004 trillion, becoming the first Nigerian financial institution to cross the N1 trillion mark in profit.

This represented a 206.6 percent increase over N327.4 billion recorded in the corresponding period that ended June 2023.

The group’s profit for the period was slated at N905.67 billion, a 222 percent increase from 280.52 recorded in the corresponding period that ended June 2023.

“On October 7, 2024, the dividend will be paid electronically to ordinary shareholders whose names appear on the Register of Members as at September 25, 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly to their bank accounts,” the statement said.

Continue Reading

Dividends

Stanbic IBTC to Pay N25.913 Billion in Interim Dividend for H1 2024

Published

2 months ago

on

September 4, 2024

By

Stanbic IBTC Bank- Investors King

Stanbic IBTC has announced a proposed interim dividend of N1.50 per ordinary share of 50 kobo each for the first half (H1) of 2024. This amounts to a total payout of N25,913,996,000.

Subject to regulatory approval and deduction of withholding tax, the dividend will be paid to shareholders whose names appear on the Register of Members as of the close of business on Wednesday, 18 September 2024.

The Register of Shareholders will be closed from Thursday, 19 September 2024, to Thursday, 25 September 2024.

Shareholders can expect to receive their dividends electronically on Monday, 30 September 2024, provided they are registered on the Register of Members as of Wednesday, 18 September 2024, and have completed the e-dividend registration process, ensuring that their dividends are directly deposited into their bank accounts.

Shareholders who have not yet completed the e-dividend registration are encouraged to download the Registrar’s E-Dividend Mandate Activation Form from the First Registrars website: https://firstregistrarsnigeria.com/download-forms/, complete it, and submit it to the Registrar or their respective banks.

Continue Reading

Trending