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    Canceling Keystone XL pipeline cost thousands of jobs, billions of dollars – Biden Administration

    Breaking: President Joe Biden diagnosed with “aggressive” cancer

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    Tantalizers PLC acquires Grand Media Projects Limited

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    Finland charges Simon Ekpa with inciting terrorism

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    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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Board of Directors of CAP Plc recommends N2.10 dividend per ordinary share

Monday, 22 March 2021, 8:49 pm
in Business, Companies
0
Board of Directors of CAP Plc recommends N2.10 dividend per ordinary share
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The Board of Directors of Chemical and Allied Products Plc (CAP Plc) will recommending the payment of N2.10 dividend per ordinary share to Shareholders for the 2020 financial year ended 31st December, 2020.

This was part of the resolutions approved by the Board of Directors of the company held on Monday March 22, 2021 at No. 2 Adeniyi Jones Avenue, Ikeja, Laos at 10.00am.

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The Board resolved as follows;

  1. That the Audited Financial Statements of the Company for the year ended December 31, 2020 be and are hereby approved; and that same be submitted to the Nigerian Stock Exchange, Securities and Exchange Commission and any other regulator no later than March 31, 2021.
  2. That a dividend of N2.10k per ordinary share be recommended for payment to the shareholders subject to appropriate withholding tax and the approval of the shareholders at the Annual General Meeting.

About CAP Plc

Chemical and Allied Products Plc (CAP) is a leading paints and coatings company in Nigeria with globally recognised brands such as Dulux and Caplux. CAP manufactures and sells premium and standard paints and coatings  and  is  the  sole  technological  licensee of  Akzo  Nobel  Coatings International B.V. in Nigeria.

CAP pioneered the colour centre concept in Nigeria in 2005, which resulted in the evolution  of  the  Nigerian  paint  industry.  Today, CAP has 76 colour centres  and colour shops across 31 states.  CAP is a public company listed on The Nigerian Stock Exchange. It is  a  subsidiary  of  UAC  of  Nigeria  PLC  which  holds  51.49%  of  the  company’s  shares.

The company announced a proposed merger between CAP and Portland Paints and Products Nigeria Plc in the fourth quarter of 2020.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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