Home Business Fidson To Raise N6 Billion … As Shareholders Approve 5 kobo Dividend

Fidson To Raise N6 Billion … As Shareholders Approve 5 kobo Dividend

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Shareholders of Fidson Healthcare Plc on Thursday endorsed the board of directors’ request to raise N6 billion which will enhance the company’s business operation, just as shareholders approved the payment of 5 kobo dividend, which amount to N75 million for the financial year ended December 31, 2016. According to the company the dividend warrant will be posted to members whose names appeared in the register of members at the close of business on June 23, 2017.

At the company 18, Annual General Meeting in Lagos, the board explained to shareholders that they plan to raise the new capital through public offering, right issue, private placement of shares or other methods in the ratio and terms including pricing of the securities, conditions and dates to be determined by the directors.

On their future outlook, chairman of the company Felix Ohiwerei said “the completion of our new factory and the concentration of production on one site is an important milestone for the company. The board is confident that the company is in a very good position to remain a leading player in the industry. The board is also confident that the company will continue to yield good returns to the shareholders”

Meanwhile, the chairman has indicated that he will be resigning from the board before the next Annual General Meeting, while he thanked the founder and managing director, Dr Fidelis Ayebae, staff and management including shareholders for their cooperation.

 

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