Julius Berger Nigeria plc has notified the Nigerian Stock Exchange (NSE) that in addition to the company’s declaration of a dividend of N2.70 for the 2013 financial year, the board of directors of the Company has also decided to issue a bonus of 1 ordinary share for every 10 ordinary shares of 50 kobo each held by each shareholder.
The bonus shares of Julius Berger Nigeria plc will rank parri passu in all respects with the existing ordinary shares of the Company, except that such shares shall not qualify for dividend recommended by the directors in respect of the year ended December 31,
2013.
As in the case of the dividend, shareholders whose names appear in the register of members as at the close of business on May 30, 2014 will benefit from the bonus issue.
In another development, the Nigerian Stock Exchange on May 2, 2014 admitted to trade the Ekiti State N5billion 14.5% fixed rate bond due 2020 (Tranche 11) under the N25 billion government of Ekiti State bond issuance programme.
Also admitted to trade was the Nasarawa State N5 billion 15% fixed rate bond due January 6, 2021 under the N20 billion Nasarawa State Government medium term note programme.
