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Red Star Express set to pay dividend, notifies shareholders of AGM

By Peter Egwuatu

Red Star Express Plc has disclosed its readiness to pay dividend for the financial year 2015 if approved at the forth coming Annual General Meeting, AGM.

To this effect, management of Red Star has requested that its shareholders update their records with the Registrars, following the company’s AGM that will come up within the month. According to a statement issued by the company, detachable forms in respect of mandate for e-dividend payment and shareholders data update are attached to the annual Report for convenience.

In addition, the company 0stated that some dividend warrants have remained unclaimed or are yet to be presented for payment or revalidation, and such affected shareholders are to contact the Registrar.  The 23rd Annual General Meeting is scheduled for  August 18th, 2016 at the Civic Centre, Ozumba Mbadiwe, Victoria Island, Lagos.

The company according to the statement is expected to handle issues such as presentation of Audited Financial Statement for the year ended March 31st 2016 and reports of the Directors, Auditors, and Audit Committee, declare dividend, re-elect Directors, and Elect members of the Audit Committee, amongst others.

According to the Red Star Express Corporate Communications Manager, Olufemi Oluwole, “Red Star is committed to providing value added logistics solutions that will be secure, prompt and effective. Over the years, we have put in much effort to render quality services to our customers, and at the end the year too, we try to appreciate our stakeholders.

This year is not an exception. We are officially announcing to the public, most especially our stakeholders that the company’s AGM will be coming up on August 18th, 2016, and that Shareholders should update their records with the Registrar.


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