In their respective Board of Directors meetings, BUA Cement Plc (NGX: BUACEMENT) and May & Baker Nigeria Plc (NGX: MAYBAKER) Boards both approved the recommendation of the dividends to their respective Shareholders.
At the meeting of the Board of Directors of MAYBAKE held on 24th March 2022, the Board approved the Audited Financial Statements of the Company for the year ended 31st December, 2021. The Board also approved a Dividend of 30 kobo per 50 kobo share subject to shareholders’ approval and appropriate withholding tax.
According to a press release by the Company on the Nigerian Exchange, its 2021 Audited Financial Statements will filed with Nigerian Exchange Limited on or before 31st March 2022.
Also read; List of Dividends announced in 2022, qualification and payment dates
In its own press release, BUACEMENT informed NG Regulation Limited and the investing public that at the 14th meeting of its Board of Directors held on Thursday, 24th March 2022 and passed the following resolutions were duly passed:
- That the Audited Financial Statements for the year ended December 31, 2021 be and is hereby approved and that same be submitted to the NGX, Securities and Exchange Commission and the Financial Reporting Council of Nigeria no later than March 31, 2022.
- That a dividend be recommended for payment to the shareholders subject to appropriate withholding tax and the approval of the shareholders at the Annual General Meeting.
- That the Management be authorized to take all such lawful further actions as necessary for and/or incidental to giving effect to the above resolutions.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
