GlaxoSmithKline Declares Special Dividend | Independent Newspapers Limited
Newsletter subscribe

Latest News

GlaxoSmithKline Declares Special Dividend

Posted: Jul 25, 2016 at 2:18 pm   /   by   /   comments (0)

GlaxoSmithKline Consumer Goods Nigeria Plc has announced the declaration of a Special Dividend of 60 Kobo per share.

The Special Dividend was approved by the Company’s shareholders at an Extra-Ordinary General Meeting held on Monday, 4 July 2016 to approve the disposal of the Company’s drinks business (Lucozade and Ribena brands) to Suntory Beverage and Food Nigeria Limited.

The Special Dividend is therefore part of the proceeds from the Suntory transaction. Shareholders whose names appear in the Register of Members at close of business on 31 August 2016 (expected transaction completion date) will benefit from the Special Dividend and the Payment Date has been fixed for 7 September 2016.