• Business - Companies
  • Updated: June 10, 2022

Consolidated Hallmark Insurance Shareholders To Be Paid Final Dividend

Consolidated Hallmark Insurance Shareholders To Be Paid Fina

As part of the conclusions reached at the 27th annual general meeting of  Consolidated Hallmark Insurance, the insurer according to the disclosures filed to the Nigerian Exchange has resolved to pay its shareholders whose names appear in the register of members as at the close of business on Friday, May 2022  2 kobo per ordinary share of 50 kobo subject to appropriate withholding tax 

Critical issues that were discussed by the company also include the remuneration of managers, the election of auditors and the election/reelection of independent non-executive directors.

Pursuant to the provision of the companies and allied matters act 2020, the insurer resolves “that the directors be and were thereby authorised to take steps which defines share capital to mean issued share capital of a company at any given time to comply with the requirements of the Companies and Allied Matter Act 2020 and the companies regulation 2021 as it relates to unissued shares currently standing to the capital of the company, including the cancellation of the unissued share of the company.”


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