If the proposed final dividend of N5,517,862,415 (Five Billion, Five Hundred and Seventeen Million, Eight Hundred and Sixty Two Thousand, Four Hundred and Fifteen Naira only); that is, 69 (Sixty Nine) Kobo per share is approved, it will be subject to deduction of withholding tax at the appropriate rate and the dividend will become payable on the 23rd of April, 2021, to Shareholders (“Qualifying Shareholders”) whose names appear on the Company’s Register of Members at the close of business on the 10th of March, 2021.

For the purpose of the final dividend, the Register of Members and Transfer Books will be closed from Thursday, 11th of March, 2021 to Wednesday, 17th March, 2021 (both dates inclusive) for the preparation of an updated Register of Members.

The Directors are also recommending to Shareholders for their approval at the forthcoming AGM, a right of election for Qualifying Shareholders to receive new ordinary shares in the Company instead of the final dividend in cash. The election is required to be made on or before the 10th of April, 2021. The Reference Share Price for the purpose of determining the number of shares due to Qualifying Shareholders who elect for the share option will be a ten day trading average of the Company’s share price on the floor of The Nigerian Stock Exchange, starting on the 11th of March, 2021.