The announcement came after the company’s Board met on 18th April, 2019 to review and approved its Q1 Result as well as dividend for the financial year ended 31st December, 2019 as follows:
This is to inform the Nigerian Stock Exchange and all investors, that the Board of Chemical and Allied Products PLC (The Company), held its Quarter 1 2019 Board meeting on Thursday 18th April 2019.
At the meeting, the Board reviewed and approved the Company’s Quarter 1 2019 Unaudited Financial Results. The Board further reviewed the Company’s dividend for the financial year ended 31 December 2018 and resolved that no dividend should be retained. Therefore, the 290 kobo Earnings per Share for 2018 should be recommended to shareholders as dividend for the year ended 31 December 2018. This is 40 kobo higher than the 250 kobo earlier recommended and advised.
Consequently, the proposed dividend for the financial year ended 31 December 2018 is 290 kobo per ordinary share of 50 kobo each.
The qualification date of May 24, 2019 and the closure of register date of 27 to 31 May, 2019 remain the same