BOC Gases Nigeria Plc proposes N0.30k dividend

BOC Gases Nigeria Plc has proposed a final dividend of N0.30k per N0.50k ordinary share, subject to appropriate withholding tax and shareholders  approval.

The dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on June 05, 2020.

This was disclosed in a notification sent by the company to the Nigerian Stock Exchange. The notice stated that the register of shareholders would be closed from June 08, 2019, to June 10, 2019.

Date of payment: On June 26, 2020 dividends will be paid electronically to shareholders whose names appear on the Register of Members as at June 05, 2020, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

About BOC Gases Nigeria Plc: The company manufactures and distributes gases for the industrial and medical sectors in Nigeria including argon, nitrogen carbon dioxide and oxygen. The company also manufactures and distributes welding products and sells a range of medical equipment.

Established in 1959 and formerly known as Industrial Gases Plc., the company changed its name to BOC Gases Nigeria Plc. in 1997. In 2006, The Linde Group AG acquired a 60% stake in the business with the balance held by Nigerian shareholders.

As part of The Linde Group, BOC Gases Nigeria has access to the largest industrial gases and welding products enterprise in Africa namely African Oxygen Plc. (Afrox). The company’s head office is in Lagos, Nigeria.

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