By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)- Airline Services & Logistics Plc, (ASL) operating in the aviation sector of the Nigerian stock exchange (NSE) Monday said its proposing a 12 kobo per share dividend payout to investors of the company for its 2013 financial year end (FYE); which is a -52 percent (-52%) drop in dividend payment compared to 2012 end.
The company said it has scheduled its annual general meeting (AGM) to hold on June 12, 2014 at the Golden Tulip Hotel in Lagos Nigeria.
The air services company also notified the NSE that Alfred Rigler has resigned from the board of ASL.
‘’ The notice of resignation was presented to the board of directors of the company and accepted at its meeting held on Friday, March 21, 2014,’’ the company said.
ASL had in late December last year announced ithas diversified its business into oil & gas and provision of in-flight catering in Rwanda, East Africa.
As a result of this, the company said it has entered into a joint venture agreement with 3rd parties to set up special purpose vehicles (ASL Rwanda and ASL Oil & Gas Logistics Ltd) for the purpose.
Early July 2013, the management of ASL visited the stock exchange to present their ‘Facts behind the Figures’ and perform the ceremonial closing bell ringing for the day.
Richard Akerele, chief executive officer (CEO) of the company, said apart from the diversification into oil and gas, ASL would also enter into co-chain logistics, building of state of the art restaurant facilities at the Abuja, Kigali and Freetown international airports respectively.
