By Sanya Ademiluyi
Access Bank of Nigeria Plc is offering its shareholders a return of 40 kobo per ordinary for the 2019 trading year. Last year,the bank only offered 25 kobo per share to investors for the 2018 trading year.
Against the background of spirited measures to cope with the covid19 pandemic, the bank has also optioned to go ahead with its scheduled annual general meeting using a proxy-based system .In a notice sent by the bank to its shareholders and the Nigerian Stock exchange NSE where its shares are quoted, Access bank said that among other issues to the agreed by shareholders, the bank was proposing to shareholders a dividend of 40 kobo per each ordinary share of the bank.
Shareholders are also expected to approve the appointment of Dr Okey Nwuke as a non-executive director of the bank, while four other non-executive directors- Ifeyinwa Osime, Adeniyi Adekoya and Iboroma Akpana are up for re-election as directors of the bank. Curiously, only the bank’s Chairman Dr Ojoritsedere Awosika and the Managing director/CEO Herbert Wigwe are named as proxies for shareholders in the notice for the AGM.
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