Lasaco Proposes N183.4 Million As Final Dividend To Shareholders

The Board of Lasaco Assurance Plc has proposed a final dividend of N183.4 million to shareholders of the
company for the period ended 31st December 2020.

This announcement was made by the company’s Board in a notification published on the website of the Nigerian Exchange Group Limited (NGX), stating that a dividend of 10 kobo per share will be paid on all the issued 1,833,585,855.00 ordinary shares of the company.

The notice disclosed that the dividends will be disbursed electronically to qualified shareholders on 30th of August, 2021.

Only shareholders whose names appear in the Register of Members at the close of business on the 5th of August 2021 will be considered.

Shareholders must have completed the e-dividend registration and must have mandated the Registrar (Apel Capital & Trust Limited) to pay their dividends directly
into their bank accounts.

For the purpose of the dividend payment, the Register of Shareholders will be closed from 6th to 13th of August, 2021, to enable the registrar to process
shareholders’ dividends.

In a bid to expedite the dividend disbursement, the company also disclosed that it will be holding its 41st Annual General Meeting at Lagos on Thursday 26th of
August, 2021 by 11:00am

Lasaco Assurance Plc had earlier reported a profit after tax of N679.4 million in its audited FY 2020 results, indicating a surge of about 115% YoY. The firm grew
its Net Premium by about 19%, from N5.9 billion as at FY 2019 to N7.01 billion.

As at the period of reporting this, Lasaco Assurance share price trades at N1.6 on the floor of the Nigerian Exchange Group Limited (NGX)