LASACO Approves N183.4m Dividend Payout To Shareholders

Lasaco Assurance Plc has proposed a final dividend payout of N183.4 million to shareholders of the company for the period ended 31st December 2020.

This was disclosed by Lasaco Plc to the Nigerian Exchange Limited (NGX), that a dividend of 10 kobo per nominal share would be paid on all the issued 1,833,585,855.00 ordinary shares of the company.

The Insurer stated that the dividends will be disbursed electronically to qualified shareholders on the 30th of August, 2021.

The disclosure by Gertrude Oluterunbi, the company Secretary of Lasaco Plc further stated that “Only shareholders whose names appear in the Register of Members at the close of business on the 5th of August 2021 will be considered.

The statement noted that Shareholders must have completed the e-dividend registration and must have mandated the Registrar (Apel Capital & Trust Limited) to pay their dividends directly into their bank accounts.

For the purpose of the dividend payment, the Register of Shareholders will be closed from 6th to 13th of August, 2021, to enable the registrar to process shareholders’ dividends.

Recall that earlier in the year, Lasaco Assurance Plc reported a profit after tax of N679.4 million in its audited Financial statement for the year ended 2020, representing a 115 per cent growth year–on–year.