UBA recently announced a strong set of results for the 6 months ended 31 March 2008, with an 86% increase in PBT over the corresponding period in 2007. At the same time, an interim dividend of N0.25 per share and a 1 for 2 bonus share issue were proposed. The register of members will be closed between 2 June and 4 June inclusive in order to determine entitlements for these, so the last day of trading cum-dividend is 30 May 2008.
An Extraordinary General Meeting (“EGM”) of the shareholders of UBA has been called for 18 June 2008. Agenda for the EGM:
Approve the proposed interim dividend of N0.25 per share. If approved, the dividend will be paid on 20 June.
Approve the 1 for 2 bonus share issue.
Approve an increase in the authorized share capital from N7.5 billion to N12.5 billion in order to accommodate the bonus share issue; and
Increase the maximum number of directors that UBA can have from 20 to 25 (subject to regulatory approval)
KEY INVESTOR CONTACT
If you have any queries in relation to this matter, please address them to:
David Ellis, Head of Investor Relations
Head of Investor Relations
United Bank for Africa Plc
E:david.ellis@ubagroup.com
