Geregu to Pay Dividend on Friday, Amperion Takes 78.05%
With two major owners taking 83.05% of total payment, Geregu Power Plc will pay shareholders N8.50 as final dividend on Friday per number of shares. A total of N21.250 billion will be paid to eligible shareholders who have shares in the company at the close of business on Thursday, March 13, 2025.
Amperion Power Distribution Company Limited, owned by Femi Otedola, controls 78.05% of shares outstanding in the Genco and 5% credit to Libreville Power Limited.
Hence, Amperion is expected to receive N1.658 billion as dividend income, and Libreville is expected to collect N1.062 billion. Due to thin trading activities, the power-generating company’s share price has remained steady at N1141.50 in the equities market over the last seven trading sessions.
Geregu told the Nigerian Exchange and the public that the Register of Members and Transfer Books of the Company will remain closed from March 14th, 2025, to March 28th, 2025, to enable the Registrar to prepare for payment of dividends.
“If approved by the members at the Annual General Meeting, dividend will be paid on Friday, 28th March, 2025 or Friday4th April, 2025, at the rate of N8.50k per every ordinary share – subject to appropriate deduction of withholding tax-—to shareholders whose names appear in the Company’s Register of Members.”
Geregu Power, with 16.85% free float, is compliant with regulatory demand, according to its audited financial statement on the Nigerian Exchange. #Geregu to Pay Dividend on Friday, Amperion Takes 78.05% NASCON Rises as Investors Take Position After Dividend Notice
