FMHL declares a final dividend of 0.136 US cents per share

By Published On: May 30th, 2024Categories: Corporate announcement, Dividends

Notice is hereby given that the Board has declared a final dividend of US$1,000,000 payable in United States Dollars from the profits of the Company for the year ended 31 December 2023 which represents zero point one three six (0.136) United States cents per share. This dividend, when combined with the interim dividend of US$500,000 results in total dividends for the year of US$1,500,000. The dividend will be payable from the Company’s operating cashflows of the company for the year ended 31 December 2023 on or about 26 June 2024 to all shareholders of the Company registered at close of business on 21 June 2024. The shares of the Company will be traded cum-dividend on the Zimbabwe Stock Exchange up to 18 June 2024 and ex-dividend as from 19 June 2024. The applicable shareholders’ tax will be deducted from the Gross Dividends. Shareholders are requested to submit / update their mailing and banking details with the Transfer Secretaries to enable the payment of their dividends.

Regarding the dividend, the FMHL Board acknowledges that there is a potential payout that may be due from FML in pursuance of the settlement agreement with IPEC. Further, notwithstanding the potential payout, the Board of Directors of FMHL is satisfied that it is reasonable and prudent to declare a dividend in the circumstances. The company will remain in sound financial health after payment of the dividend and should it be called to make a financial settlement contemplated under the settlement agreement between FML and IPEC.

Amos Manzai
Chairman
18 March 2024


FMHL – Preliminary Unaudited Abridged Financial Statements for the year ended 31 December 2023.pdf

FMHL – Short Form 2023 Financial Statements for the year ended 31 December 2023.pdf

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.