CWG Declares First Ever Post-Listing Dividend, Offers 8 Kobo

By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE) – Information communications technology (ICT) company, Computer Warehouse Group Plc (CWG) has announced its first ever post-listing dividend of 8 kobo per share to investors of the company in its 2013 year end.

According to the company in a notice to the Nigerian stock exchange (NSE) closure date of shareholders whose shares are recorded in the company’s register as at April 17, 2014 would take home the 8 kobo dividend.

CWG says annual general meeting (AGM) and payment date has been scheduled for June 19.

The AGM will take place at Victoria Crown Plaza Hotel in Victoria Island, Lagos Nigeria.

CWG November 15, 2013 listed shares worth N12.624 billion on the Nigerian Bourse by offering 2,524,825,359 ordinary shares of 50 Kobo each at N5.48 per share.

CWG is a pan-African ICT company; market analyst had affirmed that the listing of the shares of the company was expected to boost the market capitalisation of the NSE by about N14 billion, while CWG would be the highest capitalised security in the ICT sector of the exchange.

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