The board of directors is recommending a total dividend payment of ₦13.8 billion to Shareholders. This is made up of an interim dividend of N3.3 billion paid in October 2022 and a final dividend of N10.6 billion.

The final dividend payment is subject to the deduction of withholding tax at applicable rates. The final dividend payment of N10.6 billion will be made on April 26, 2023, to Shareholders whose names appear on the Company’s Register of Members as at March 16, 2023. The Register will be closed from March 17 to March 23, 2023, for the purpose of updating the Register.

The total dividend payment represents 143 kobo per ordinary share of 50 kobo each. The final dividend payment is 103 kobo per share. The Register of Members will be updated during the closed period from March 17 to March 23, 2023.

In conclusion, the Board of Directors is pleased to recommend the total dividend payment of ₦13.8 billion to Shareholders at the Annual General Meeting. Shareholders are encouraged to take note of the Register closure period from March 17 to March 23, 2023, to ensure they are eligible for the final dividend payment.