ACCESS BANK PLC – Audited Financial Result for the Year Ended 31st December, 2016
Gross Earnings: 13% increase from N337.4bn to N381.3bn
Profit after Tax: 8% increase from N65.9bn to N71.4bn (FY 2016 EPS, 250 kobo; FY 2015 EPS, 265 kobo)
Proposed Dividend: 40 kobo (Total Dividend: 2016, 65 kobo; 2015, 55 kobo)
Proposed Bonus: Nil
Closure Date: 14th March, 2017
AGM Date: 29th March, 2017
Payment Date 29th March, 2017
AGM Venue: Balmoral Hall, Federal Palace Hotel, Victoria Island, Lagos
REGENCY ALLIANCE INSURANCE PLC – Change in Status of Ghana Subsidiary
Sequel to the recapitalization directive of the National Insurance Commission of Ghana, Regency Alliance Insurance Limited, the subsidiary of Regency Alliance Insurance Plc. (Regency Nigeria) in Ghana, has merged with NEM Insurance Company Limited, Ghana. As a result of the merger, Regency Nigeria no longer has controlling interest in the Ghana subsidiary and has thus reclassified the Company as an Associate Company.
AFRICA PRUDENTIAL REGISTRARS PLC – Price Adjustment for Dividend
The share price of Africa Prudential Registrars Plc. was adjusted today for a dividend of 30 kobo per share as declared by the Board of Directors of the Company. Its last closing price was N2.70; hence, its ex-div price was N2.40.