FBN Holdings has approved a dividend of 40 kobo per 50 kobo ordinary share, totaling N14,358,117,116.40 (fourteen billion, three hundred fifty-eight million, one hundred seventeen thousand, one hundred sixteen naira and forty kobo), to be distributed to registered shareholders.
The approval was disclosed in a regulatory filing with the Nigerian Exchange (NGX), which outlined the key decisions made at the company’s recently concluded 12th Annual General Meeting (AGM).
As part of the resolutions passed, shareholders approved the audited financial statements for the fiscal year ending December 31, 2023, along with reports from the board of directors, auditors, appraisers, and other committees.
FBN Holdings also resolved to raise additional capital of N350 billion (three hundred and fifty billion naira) by issuing new shares through public offerings, private placements, or rights issues, targeting both domestic and international capital markets.
Providing details on the pricing strategy…