Academy Press Plc (NGX: ACADEMY) has declared a final dividend of 10 kobo for every share of 50 kobo held for the financial year ended 31 March, 2023.
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The dividend will be subject to appropriate withholding tax and approval of shareholders at the next Annual General Meeting.
The company also paid 10 kobo final dividend per 50 kobo ordinary share for the year ended 31 March, 2022.
The Company’s Annual General Meeting will be held at the Company’s Premises, 28/32, Industrial Avenue, Ilupeju Industrial Estate, Lagos, on Thursday 14th September, 2023 at 12.00 Noon.
The qualification date for the dividend has been set at Monday, 11th September, 2023.
On Thursday, 21st September 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Monday, 11th September, 2023 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the Registrars: Pace Registrars Limited, 24, Campbell Street (8TH Floor) Knight Frank Building, Lagos, complete and submit to the Registrar or their respective Banks.
Academy Press Plc was incorporated in Nigeria as a private limited liability Company on the 28th of July 1964 and by a special resolution became a public limited liability Company on the 22nd of October 1991. The certificate of incorporation number for the Company is RC 3915.
The Company offered its shares to the public in November 1994 and these shares were listed on the Nigerian Stock Exchange on the 15th of June 1995.
The Company carries on its business as printers of educational and general books, commercial printing of diaries, labels, calendars, periodicals, annual reports, confidential and other printing. The subsidiaries are involved in security printing, flexibility printing and light packaging.
For the year ended 31 March, 2023, the company reported a revenue of N4.49bn (2022: N4.11bn), and posted a profit after tax of N17.69mn (2022: N174.10mn).
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
