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  #121 (permalink)  
Old 17th September 2012, 02:03 PM
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Default Guinness

Guinness Audited don plan oooooooo
Proposed Dividend: N8.00 or 1 for 33 Bonus
Qualification Date: 5th Oct,12
Closure of Register: 8th Oct, 12
AGM: 2nd Nov,12
AGM Venue: Transcorp Hilton, Abuja
Payment Date: 2nd Nov,12
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  #122 (permalink)  
Old 17th September 2012, 02:04 PM
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Default Re: Guinness

Quote:
Originally Posted by Salida View Post
CORPORATE ACTION
Proposed Dividend or Bonus: N8.00 per share dividend OR 1 for 33 Bonus

Qualification Date Friday, 5th October 2012

Closure of Register Date Monday, 8th October 2012 to Friday, 12th October 2012

AGM Date Friday, 2nd November 2012

AGM Venue Transcorp Hilton Hotel, Abuja

Payment Date Friday, November 2nd 2012
Which one be N8.00 per share dividend OR 1 for 33 Bonus?
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  #123 (permalink)  
Old 17th September 2012, 02:31 PM
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Default Re: Guinness

Quote:
Originally Posted by Salida View Post
Which one be N8.00 per share dividend OR 1 for 33 Bonus?
Shareholders will choose either to receive the cash dividend or the bonus. I hear they've done something of such a long time ago...
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  #124 (permalink)  
Old 17th September 2012, 02:45 PM
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Default Re: Guinness

Quote:
Originally Posted by Salida View Post
CORPORATE ACTION
Proposed Dividend or Bonus: N8.00 per share dividend OR 1 for 33 Bonus

Qualification Date Friday, 5th October 2012

Closure of Register Date Monday, 8th October 2012 to Friday, 12th October 2012

AGM Date Friday, 2nd November 2012

AGM Venue Transcorp Hilton Hotel, Abuja

Payment Date Friday, November 2nd 2012
Now, this is what I am talking about. If you want to pay school fees or marry the third wife, take the dividends. If you are interested in holding for long term, take the bonus issues.

Guinness has blazed the trail for others to follow. I expect more of this from the market and likely remain the norm...
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  #125 (permalink)  
Old 17th September 2012, 02:53 PM
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Default Re: Guinness

Quote:
Originally Posted by horlads View Post
Shareholders will choose either to receive the cash dividend or the bonus. I hear they've done something of such a long time ago...
Quote:
Originally Posted by knightofdelta View Post
Now, this is what I am talking about. If you want to pay school fees or marry the third wife, take the dividends. If you are interested in holding for long term, take the bonus issues.

Guinness has blazed the trail for others to follow. I expect more of this from the market and likely remain the norm...
Will this be subjected to a vote at the AGM? Can each shareholder decide on the option to take or is it a collective decision in which the majority shareholders will carry the day?

Curious on how the stock price will be marked down.
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  #126 (permalink)  
Old 17th September 2012, 03:04 PM
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Default Re: Guinness

Quote:
Originally Posted by Salida View Post
Will this be subjected to a vote at the AGM? Can each shareholder decide on the option to take or is it a collective decision in which the majority shareholders will carry the day?

Curious on how the stock price will be marked down.
In addition how quickly will the shareholder be able to inform the company of what decision he or she has taken? Do they have that provision in the E bonus/Dividend forms ? I would really love to see companies introduce DRIP.
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  #127 (permalink)  
Old 17th September 2012, 03:10 PM
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Default Re: Guinness

Quote:
Originally Posted by horlads View Post
Shareholders will choose either to receive the cash dividend or the bonus. I hear they've done something of such a long time ago...
They are quite innovative on how they reward their shareholders. Some years back they paid dividend, declared bonus and also paid dividend on the bonus declared.
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  #128 (permalink)  
Old 17th September 2012, 03:11 PM
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Default Re: Guinness

Hmmmm..................very nice and so very nice
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  #129 (permalink)  
Old 17th September 2012, 03:38 PM
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Default Re: Guinness

Quote:
Originally Posted by knightofdelta View Post
Now, this is what I am talking about. If you want to pay school fees or marry the third wife, take the dividends. If you are interested in holding for long term, take the bonus issues.

Guinness has blazed the trail for others to follow. I expect more of this from the market and likely remain the norm...
What if you want to pay schools and marry the third wife at the same time, what should such a person do?.
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  #130 (permalink)  
Old 17th September 2012, 03:47 PM
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Default Re: Guinness

Quote:
Originally Posted by Salida View Post
Will this be subjected to a vote at the AGM? Can each shareholder decide on the option to take or is it a collective decision in which the majority shareholders will carry the day?

Curious on how the stock price will be marked down.
Shareholders will elect the option they like to exercise most likely at the AGM and shareholders who are not present will be given a default option which I believe will be the dividend. The value of both benefits are about the same in terms of mark down are about the same thing....N8
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  #131 (permalink)  
Old 17th September 2012, 04:09 PM
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Default Re: Guinness

Quote:
Originally Posted by horlads View Post
Shareholders will elect the option they like to exercise most likely at the AGM and shareholders who are not present will be given a default option which I believe will be the dividend. The value of both benefits are about the same in terms of mark down are about the same thing....N8
Thats rather unfair to Shareholders who are not going to be present at the AGM? I would rather the companies gives shareholders who are not present the bonus by default so that in that way there is no question of missing or unclaimed dividend warrants. In any case, there should be a proper way for shareholders to exercise their right in a timely manner . You dont have to come from London to attend AGM. I hope companies address this going forward
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  #132 (permalink)  
Old 17th September 2012, 04:26 PM
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Default Re: Guinness

Quote:
Originally Posted by bivins1 View Post
Thats rather unfair to Shareholders who are not going to be present at the AGM? I would rather the companies gives shareholders who are not present the bonus by default so that in that way there is no question of missing or unclaimed dividend warrants. In any case, there should be a proper way for shareholders to exercise their right in a timely manner . You dont have to come from London to attend AGM. I hope companies address this going forward
Valid point. Unfortunately, things are so manually done here. The Company or registrar could easily have put a form on their websites for shareholders not attending to indicate by online their preference.
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  #133 (permalink)  
Old 17th September 2012, 04:34 PM
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Default Re: Guinness

Quote:
Originally Posted by migiets View Post
Valid point. Unfortunately, things are so manually done here. The Company or registrar could easily have put a form on their websites for shareholders not attending to indicate by online their preference.
Very Correct .Lets hope they are reading.
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  #134 (permalink)  
Old 17th September 2012, 05:03 PM
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Default Re: Guinness

Quote:
Originally Posted by horlads View Post
Shareholders will elect the option they like to exercise most likely at the AGM and shareholders who are not present will be given a default option which I believe will be the dividend. The value of both benefits are about the same in terms of mark down are about the same thing....N8
Are you sure? Won't this be a nightmare? Going through thousands of forms just to decide which option a shareholder has selected? I thought it was going to be a collective decision and what ever decision is taken is binding on all share holders
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  #135 (permalink)  
Old 18th September 2012, 04:57 PM
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Default Re: Guinness

Guinness Nigeria Plc Early Filer of Audited Accounts for June 30, 2012 Year End - Proshare

Kudos!
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  #136 (permalink)  
Old 18th September 2012, 05:12 PM
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Default Re: Guinness

Ikeja Hotel and Oando take note
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  #137 (permalink)  
Old 18th September 2012, 08:03 PM
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Default Re: Guinness

Nothing special. How many companies have their year end in June? Auditors are less busy at this time. Note that GTB and Access bank also released audited figures for June earlier than Guinness.
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  #138 (permalink)  
Old 19th September 2012, 07:08 AM
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Default Re: Guinness

Shareholders of Guiness to get N10bn as FY12 dividend
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  #139 (permalink)  
Old 19th September 2012, 07:14 AM
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Default Re: Guinness

Quote:
Originally Posted by Salida View Post
Quote:
Even if all other shareholders decide to go for the bonus option while Diageo opts for the dividend option, Diageo controlling stake will slightly fall to 53 percent. Therefore, it still controls the major stake in Guinness Nigeria. Against this backdrop, we expect the major shareholder in Guinness Nigeria to opt for the dividend option. We equally expect most of the shareholders to opt for the dividend option in view of the fact that the share price of the company has stagnated at N260 per share in the last few days. Qualification date is October 5, 2012
This looks like each Shareholder will be able to decide which option to take like Sir Horlads explained. This looks like an AGM one needs to attend.
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  #140 (permalink)  
Old 19th September 2012, 10:49 AM
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Default Re: Guinness

Earnings Update: Guinness Nigeria Plc, Full Year ended June 2012 - Proshare
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