THE board of directors of Cutix Plc has recommended N528.4 million dividends for the financial year ended April 30, 2024.
According to a corporate notice sent to the Nigerian Exchange Limited on Friday, July 11, the board of directors of the cable company recommended a dividend of N0.15 per share, amounting to N528.4 million.
The board of directors also recommended a bonus share issuance of one new share for every three shares held by existing shareholders.
“Cutix Plc (“the Company”) wishes to notify the Nigerian Exchange Limited (“the Exchange”), our esteemed Shareholders and the general public that at the Board of Directors meeting of the Company held on Thursday, July 11, 2024, the Board approved the Directors Report and Audited Financial Statements of the Company for the year ended April 30, 2024 subject to some amendments.
The Board also recommended a dividend of 15 kobo per ordinary share of the Company amounting to N528,396,607.80 (Five Hundred and Twenty-Eight Million, Three Hundred and Ninety-Six Thousand, Six Hundred and Seven Naira, Eighty Kobo Only) for approval by Shareholders at the 41st Annual General Meeting of the Company scheduled for Friday,” the statement stated.
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