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Afromedia assures shareholders of dividend payment

By Princewill Ekwujuru

Afromedia Nigeria Plc, an outdoor advertising company quoted on the floor of the Nigerian Stock Exchange has assured its shareholders of dividend payment as it holds its 46th annual general meeting on August 23, 2012.

Speaking, Dr. Onaolapo Soleye, Chairman of the company, said the company remains undaunted by the sluggish state of recovery of the Nigerian capital market from the global financial crises, adding that the company will forge ahead to ensure that shareholders still have something to smile about.

“Despite all the challenges, we are pleased to inform you that the Board of Directors has recommended payment of dividend to registered shareholders. Not just that, shareholders will be given a bonus of 1 new share for every 20 existing ordinary shares held in the company,” he assured. Dr. Soleye said this was the company’s way of appreciating shareholders for their continued commitment to the company during the year.

He, however, observed that the Nigerian business environment will gradually return to stability, whilst the company continues to position for the future, leveraging on its strong base of research and development activities as well as its international alliances in discovering and exploiting emerging opportunities both in the local and offshore African markets.


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