FCMB Group Announces PAT Rise by 15%, To Pay  14k  Per Share Dividend

The profit increased from N14.9 billion during the comparable period in 2018 to hit N17.3 billion.                                                The bank however as is always the case the dividend payout is subject to appropriate withholding tax, as well as necessary approvals.                                      A public disclosure that was sent to the Nigerian Stock Exchange, noted that only shareholders whose names appear on the company’s register of members as at April 14th, 2020, will be eligible to receive payment.                                       … …            The has disclosed that payment to shareholders would be made on Tuesday, April 28th, 2020 and that shareholders must have completed the e-dividend registration process, as well as mandated the register to their dividends into their bank accounts.                               Meanwhile, FCMB Group has disclosed that its 7th Annual General Meeting would take place in Lagos on the 28th of April, 2020 to seek approval on the dividend,  receive and approve the group’s audited financial statements for full-year 2019, as well as to consider the report of the directors.         The Shareholders will also be voting to approve the appointment of Directors, Ratification of the retirement of a Director and re-elect Directors who are retiring by rotation.                                      The banks  said shareholders will also at the AGM approve of the appointment of Messrs Deloitte & Touche as FCMB Group’s new auditing firm, vote to authorise the Directors to fix the remuneration of the new Auditors and  elect members of the Audit Committee.