BUA Cement Plc, a leading cement manufacturing company, unveiled exciting news for its shareholders in their latest announcement dated July 16, 2023.
The company, known for its commitment to enhancing shareholder value, revealed its plan to issue a Final Dividend of ₦2.80 per ordinary share of 50 Kobo each for the period ended December 31, 2022.
The dividend is subject to appropriate withholding tax and approval and will be paid to shareholders whose names appear in the Register of Members as of the close of business on August 11, 2023.
The company also announced the closure of the Register of Shareholders from August 14 to August 18, 2023, to facilitate the distribution process. The Qualification Date for eligibility to receive the dividend is August 11, 2023.
To ensure smooth payment and embrace digital transformation, BUA Cement will pay dividends electronically to shareholders whose names appear on the Register of Members as of August 11, 2023.
Shareholders who have completed the e-dividend registration and authorized the Registrar to pay their dividends directly into their bank accounts will be the beneficiaries.
“We are committed to embracing modern technologies and enhancing the overall experience for our esteemed shareholders,” said Ladipo Ogunlesi, head of Investor Relations at BUA Cement. “The e-dividend registration will simplify the process, reduce paperwork, and ensure timely payments to our shareholders.”
Shareholders who have not yet completed the e-dividend registration are encouraged to download the Registrar’s E-Dividend Mandate Activation Form from the company’s website or the Registrar’s website, www.africaprudential.com.
This user-friendly process will facilitate electronic dividend payments and bring greater efficiency to the overall dividend distribution process.