Shareholders to approve N6.5bn Flourmills’ dividend

SHAREHOLDERS of Flourmills Plc, will tomorrow, approve the firm’s proposed final dividend of N6.8 billion or N1.65 per ordinary share of 50k.

The firm has also expressed optimism about the business environment, as it renews commitment to backward integration.

Scheduled for the Grand Ballroom, Eko hotel & suites, Lagos, tomorrow, the Group Managing Director, Omoboyede Olusanya, said: “We are optimistic that the business environment will continue to improve as we further sharpen our Route to Consumer Business Focus.

“We believe that putting our consumers at the heart of the business enables us to optimize value for our shareholders and create long term positive impact for all stakeholders.

“I want to take this opportunity to express my gratitude to the communities in which we operate as well as our business partners for their dedication in supporting our growth.

“Finally, I wish to thank our shareholders, for their continued support, trust and confidence in our capabilities as we stay committed to improving our operational excellence.”

This year's yearly meeting is themed “Enriching Lives, Empowering Communities,” and will highlight the Group's achievements in the 2020/ 21 financial year despite difficulties faced by businesses as a result of the global pandemic.

Due to the risk of the spread of COVID- 19 and the restriction on mass gatherings in accordance with the Guidelines issued by the Corporate Affairs Commission on holding AGMS using proxies, attendance at the AGM shall only be by proxy. The proceedings of the AGM will nonetheless be transmitted live via the following Channels: www. fmnplc. com; and on You Tube www. youtube. com/ fmngroup.