Proshare Logo
   Market Date: 17-12-2014   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Equity Assurance projects 15K div in 2010FY

Category: Investors NewsBeat

  Read (1008)
Equity Assurance projects 15K div in 2010FY



Proshare NI

September 08, 2008 at 17:54 GMT


Equity Assurance Plc (EA) has projected to give investors who buy into their Public Offer (PO) a 15 Kobo dividend payout in its 2010 Financial Year End (FYE). This was contained in the forecast offer statistics extracted from the Reporting Accountants Report.


The insurance company has projected to offer to investors a 0.7 Kobo, 10 Kobo and 15 Kobo dividends for years 2008, 2009 and 2010 respectively.


However, dividend per share is based on 9,978,670,860 Ordinary Shares for years 2008, 2009 and 2010 respectively.


Gross Earnings of the company is expected to rise from N2.495 billion in year 2008 to N5.250 billion in year 2010 indicating a rise of 110.42 percent in the forecast period.


Profit before Tax (PBT) is also projected to grow from N1.453 billion in year 2008 to N3.068 billion in year 2010 representing a growth of 111.14 percent.


While Profit after Tax (PAT) has been projected to increase from N1.278 billion in year 2008 to N2.700 billion in year 2010 showing an increase of 111.26 percent in the forecast period.


Equity Assurance in its bid to raise N7.0 billion, has offered by way of offer for subscription 1,500,000,000 Ordinary Shares of 50 Kobo each at N3.50 Kobo per share.


And Rights Issue of 707,000,000 units of 50 Kobo each at N3.00 per share.


Units of sale are a minimum of 1,000 Ordinary Shares and multiples of 100 thereafter.


The hybrid offer which has since opened September 01, 2008 would close September 30, 2008. Lead Issuing House is Skye Financial Services Limited and Joint Issuing Houses include Greenwich Trust Limited and ICMG Securities Limited.

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Investors NewsBeat

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014