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By InvestAdvocate
Lagos (INVESTADVOCATE) – Allan Gray International Proprietary Limited, privately owned investment manager in Africa on Wednesday proposed to offer investors $4.2344 per share dividend to shareholders.
Directors of the Fund for the time-being said the Fund duly organised and exiting under the laws of Bermuda, acting by written consent without a meeting consent to pay a cash dividend of $4.2344 per share to shareholders of record at the opening of business on 4 January, 2016.
“And Whereas the directors carefully considers the proposal and noted confirmation received from the investment manager that there were no agreements or other arrangements binding on the Fund which may restrict the Fund’s ability to pay the dividend,” the investment managers said in its corporate action filed with the Nigerian Stock Exchange (NSE).
They resolved that the dividend is declared payable to the holders of the Funds shares on record at the close of business on December 31, 2015.
Allan Gray says the ddividend be declared payable on January 8, 2016 with an ex-dividend date January 7, 2016.
“Any officer or director of the Fund be authorised to execute, under the Fund seal if appropriate, and deliver such other document and take such other action as he may consider necessary or desirable in respect of the forgoing resolution,” the investment manager added.
Allan Gray is a privately owned investment manager in Africa and manages $35 billion in client assets in a range of equity, fixed interest and multi-asset mandates across Africa.
