Oando Plc raised N55.2bn in its recently concluded rights issue. A statement from Oando on Monday noted that the company recorded an over subscription as it had issued 4.548 billion shares to existing shareholders at N12 per share between December 2012 and February 2013 with the intention of raising N54.6bn. […]
Tag: Shareholders
Why we didn’t increase dividend payment –NB
The management of Nigerian Breweries Plc has explained the reasons behind its inability to increase its dividend policy for shareholders for the financial year ended December 31, 2012. It said a major part of its profit was ploughed back into the business, owing to its recent acquisition of major breweries […]
SEC postpones compliance date for e-dividend
As a result of the feedback received from various stakeholders in the capital market, the Securities and Exchange Commission on Friday postponed the deadline for the transition from the use of dividend warrants to e-dividend payment. According to SEC the deadline, which was originally slated for June 3, 2013, has […]
