Vitafoam appoints new director

Vitafoam appoints new director

Vitafoam appoints new director   The Board of Directors of Vitafoam Nigeria Plc has approved the appointment of Abdul Bello as independent non-executive director. According to a notice filed by the firm with the Nigerian Stock Exchange (NSE), Bello’s appointment is effective March 4. Bello would be succeeding Mohammed Alkali who retired from the position of independent non-executive director effective January 1. Bello retired from UAC of Nigeria in 2019 after 30 years in service during which he held various senior management positions such as group chief executive officer; group…

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Vitafoam proposes 70k dividend; holds AGM

Vitafoam appoints new director

Vitafoam proposes 70k dividend; holds AGM   Vitafoam Plc has announced plans to hold virtual Annual General Meeting. The virtual meeting and 59th in the series, is scheduled on March 4. The board has also proposed a dividend of 70 kobo per share as against 42 kobo paid in the preceding year. This translates to a dividend yield of eight per cent at the company’s current share price on the Nigerian Stock Exchange, according to a statement issued by the company on Wednesday. The notice of the meeting signed by…

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2020: Vitafoam shareholders to share N979.4m as dividend

Viatfoam

2020: Vitafoam shareholders to share N979.4m as dividend   Shareholders of Vitafoam Nigeria Plc are set to be rewarded from the gains of the operations of the company in 2020, despite the general economic downturn triggered by Coronavirus pandemic in the year. On the strength of the company’s outstanding performance last year, its board has recommended a cash dividend of N979.4 million for 2020, 64.5 per cent above N595.4 million paid in 2019. The current dividend translates into 70 kobo per share as against 42 kobo paid in the preceding…

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