Cutix Plc Recommends 15Kobo Dividend to Shareholders

Cutix-Plc Cutix to acquire Adswitch Brandspur

Cutix Plc has notified the Nigerian Exchange Limited (NGX), its esteemed Shareholders and the general public that at the Board of Directors meeting of the Company held on Thursday, July 15, 2021, the Board approved the Directors’ Report and Audited Financial Statements of the Company for the year ended April 30, 2021, subject to some amendments.

The Cutix’s board also recommended a dividend of 15 kobo per ordinary share amounting to N264,198,303.90 (Two Hundred and Sixty-Four Million, One Hundred and NinetyEight Thousand, Three Hundred and Three Naira, Ninety Kobo Only) for approval by shareholders at the 38th Annual General Meeting of the Company scheduled for Friday, November 26, 2021.

The Board also recommended a bonus issue of one new share for every one existing share held by shareholders. The approved Audited Financial Statements will be released to the public on or before July 29, 2021.