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Airtel Africa Announces Currency Exchange Rates for Dividend

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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/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Dividends

FBN Holdings to Pay N12.563 Billion in Dividend for The 2021 Financial Year

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UK Eke Group Managing Director FBNHoldings - Investors King

Following a strong impressive 2021 performance, Nigeria’s leading financial institution FBN Holdings Plc has proposed to pay a final dividend of 35 kobo per 50 kobo share for the 2021 financial year.

This multiplied by the bank’s outstanding shares of 35.895 billion translates to N12.563 billion.

According to the lender, the dividend is subject to shareholders’ approval and appropriate withholding tax. However, only shareholders whose names appear in the Register of Members as at the close of business on June 13, 2022 will receive payment.

Register of shareholders will be closed from June 14 to June 15, 2022. While dividends will be paid electronically to shareholders on June 21, 2022. Please note that only shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank will be paid.

FBN Holdings grew profit after tax by 100% to ₦151.1 billion in 2021 from ₦75.6 billion recorded in 2020. While Earnings per share improved by 70.2% to N4.17 from N2.45 in the same period of 2020.

Commenting on the results, Dr. Adesola Adeduntan, Chief Executive Officer of FirstBank Group said: “Following years of strategic restructuring of the Bank’s balance sheet and operations, the Commercial Banking business is beginning to transition into a sustained growth phase delivering performance commensurate to the size of our business and capabilities of our people. Profit before tax is up 77.9%, gross earnings 30.3%, total assets 15.9% and customer deposits up 19.5%.

“This performance was driven by a relentless focus on the needs of customers and improving the competitiveness of our offerings. We have sharpened our ‘Go To Market’ approach to better leverage the opportunities which our large scale provides in addition to becoming more relevant to our clients by improving our value propositions.”

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Dividends

Seplat Energy Announces Exchange Rates for Q1 2022 Interim Dividend

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Seplat Energy Plc - Investors King

Seplat Energy Plc, Nigeria’s leading indigenous oil company listed on London Stock Exchange and Nigerian Exchange Limited, has announced applicable currency exchange rates for its first quarter (Q1) 2022 interim dividend.

The company’s shareholder that qualifies for and has elected to receive the dividend payment in Naira or Pounds Sterling (GBP) will be paid using the following Exchange Rate:

Exchange Rate
1 USD = 418.77 NGN
1 USD = 0.7920 GBP

According to the company, the exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 27th May 2022.

The closing date for dividend currency election to the Company’s Registrars is 15th June 2022. In the absence of a qualifying dividend currency election by shareholders to the appropriate Registrar, dividends will be paid in their default currency.

Shareholders should refer to the Company’s announcement on 28th April 2022 for definition of default currency and dividend currency election forms can be found on the company website at https://seplatenergy.com/investors/dividend.

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Dividends

Dividends Declared in the Week Ended April 8, 2022

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Dividend - Investors King

Six Nigerian listed companies declared dividends for the 2021 financial year last week. The six companies were Skyway Aviation Handling Company, Conoil Plc, Smart Products Nigeria, Prestigious Assurance, FCMB Group and Unilever Nigeria Plc. See other details below.

SKYWAY AVIATION HANDLING COMPANY PLC

Proposed Dividend: ₦0.165 kobo per ordinary share (sixteen and half Kobo)
Proposed Bonus: Nil
Qualification Date: Friday, 3rd June 2022
Closure Date: Monday, 6th – Friday, 10th June 2022
AGM Date: Wednesday, 29th June 2022
Payment Date: Wednesday, 29th June 2022

CONOIL PLC

Proposed Dividend: ₦2.50
Proposed Bonus: null FOR null
Qualification Date: 5/30/2022
Closure of Register Date: 5/31/2022

SMART PRODUCTS NIGERIA PLC

Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 7/7/2022
AGM Date: 8/11/2022
Payment Date: 8/18/2022
Closure of Register Date: 7/8/2022

PRESTIGE ASSURANCE PLC

Closure of Register for Dividend for the Year Ended 31 December 2021
Proposed Dividend: ₦0.015 kobo per ordinary share (one and half Kobo)
Proposed Bonus: Nil
Qualification Date: Friday, 20th May 2022
Closure Date: Monday, 23rd – Friday, 27th May, 2022
AGM Date Thursday, 26th May 2022
Payment Date: Friday, 27th May 2022

FCMB GROUP PLC

Proposed Dividend: ₦0.20
Proposed Bonus: null FOR null
Qualification Date: 4/14/2022
AGM Date: 4/27/2022
Payment Date: 4/27/2022
Closure of Register Date: 4/15/2022

UNILEVER NIGERIA PLC.

Proposed Dividend: ₦0.50
Proposed Bonus: null FOR null
Qualification Date: 4/18/2022
AGM Date: 5/5/2022
Payment Date: 5/6/2022
Closure of Register Date: 4/19/2022

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