AIICO To Pay N1.8bn As Dividend To Shareholders, Holds AGM On June 8
The board of AIICO Insurance Plc is set to excite its shareholders with dividend payment.
The Nigeria’s leading insurance underwriter said it has earmarked about N1.8 billion to be paid as dividend on the approval of the shareholders at its Annual General Meeting scheduled to hold on June 8 2023.
The Company, in a notice to the Nigerian Exchange Limited, stated that the 53rd Annual General Meeting will among other businesses present to shareholders the statement of financial position of the company as at December 31, 2022.
“The Notice is hereby given that the 53rd Annual General Meeting (Meeting) of AIICO Insurance Plc (the Company) will be held on Thursday June 8, 2023, at The Shell Hall, Muson Centre, Marina, Lagos, Lagos State at 12.00pm to transact the following business: Ordinary Business; To lay before the Meeting the report of the Directors, Statement of Financial Position as at December 31, 2022 together with the Statement of Profit or Loss and Other Comprehensive Income for the year ended on that date and the reports of the Auditors and the Audit Committee thereon.
To declare “a dividend of 3 kobo per share” amounting to N1,098,158,281 (One Billion, Ninety-Eight Million, One Hundred and Fifty-Eight Thousand, Two Hundred and Eighty-One Naira) only [subject to withholding tax] in respect of and out of the profit after taxation for the year ended 31st December 2022, payable to those shareholders whose names appear on the Register of members at the close of business on May 31, 2023. and to elect Mr. Rotimi Okpaise as a director of the Company.” it was stated.
The company announced that on June 15, 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at May 31st, 2023 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
