By InvestAdvocate
Lagos (INVESTADVOCATE)-Academy Press Plc operating in the Printing & Publishing Sector of the Nigerian Stock Exchange (NSE) has proposed to offer 1 for 4 bonus to investors of the Company in its Audited Year Ended March 2011 compared to the 1 for 3 it offered in year 2010 end.
This was contained in Corporate Action of the Company Tuesday to the NSE and obtained by InvestAdvocate in Lagos Nigeria.
The Bonus proposal is in addition to the earlier declared dividend reward of 7.5 Kobo to shareholders of the Company.
However, Academy Press has announced that closure date of Register of Shareholders whose name appears on the Company’s record is 12th to 19th September 2011 and payment of dividend has been scheduled for October 18 2011.
Meanwhile, the Company has announced that its Annual General Meeting (AGM) will come up on September 29 2011 at Academy Press registered Office, Ilupeju Industrial Avenue in Lagos Nigeria.
In it’s Audited Year Ended March 2011, the Firm declared a dividend of 7.5 Kobo compared to 7.0 Kobo in the same period of year 2010; indicating an increase of 7.14 percent (7.14%) in the review period.
