NASCON Allied Industries Plc has announced a bonus issue of two (2) ordinary shares for every one hundred (100) ordinary shares held by shareholders whose names appear in the Register of Members as at the close of business on May 3, 2024.
According to a corporate action notice published by the company on the Nigerian Exchange on Wednesday, the Register of Shareholders will be closed from 6 May to 8 May 2024 (both days inclusive).
The qualification date for the bonus issue is May 3, 2024. The company however, did not disclose the date when qualifying shareholders will receive the bonus shares.
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: www.cordros.com. complete and submit to the Registrar or their respective Banks.
Nascon did not declare final dividend for the year ended December 31, 2023. However, an interim dividend of 100 kobo per ordinary share was approved and paid on 17 November 2023.
At the close of trading on Wednesday, the share price of NASCON declined by 9.97% to close at N43.35 per share.
Nascon Allied Industries Plc has 2,649,438,378.00 outstanding shares and a market capitalization of N114.85 billion as at the close of business on Wednesday.
The company is into the business of Processing of raw salt into edible salt and importation of tomato paste.
In the 2023 financial year, the groups revenue increased to N80.83 billion from N58.79 billion in 2022.
The profit after tax rose to N13.73 billion from N5.47 billion in 2022 while the basic earnings per share rose to N5.18 from N2.06
The group’s total assets stood at N83.59 billion as at 31 December, 2023 while the total liabilities was N56.12 billion.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
