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Haldane McCall Plc Shareholders Endorse Dividend Payment and Capital Raise Plan

Strategic Insights

— 1 min read

Shareholders of Haldane McCall Plc, a listed real estate and hospitality company, have demonstrated their confidence in the company's leadership by endorsing the payment of a 32.5 percent dividend, amounting to N220.6 million, and approving a capital raise plan to fund the company's expansion program. The shareholders' decision reflects their satisfaction with the company's innovative leadership and commitment to growth and value creation. The company's Board and Management have assured the shareholders of better days ahead, citing the company's remarkable growth in financial metrics and effectiveness of its strategic initiatives.

Key Takeaways:

  • Shareholders of Haldane McCall Plc have endorsed the payment of a 32.5 percent dividend, amounting to N220.6 million.
  • The company's directors were re-elected by the shareholders, reflecting confidence in their innovative leadership.
  • Shareholders have approved the company's plan for capital raise through Rights Issue to increase its share capital and N250 billion debt instruments in tranches to fund its group's expansion programme.
  • The company recorded a 164 percent profit after tax in 2024, increasing from N256.96 million in 2023 to N679.6 million in 2024.
  • Revenue growth was driven by an increase in land and building sales, with N2.68 billion sold in 2024, up by 156 percent from N1.05 billion in 2023.
  • The company declared N3.64 billion revenue in 2024, representing a 109 percent increase over N1.74 billion in 2023.

Statistics:

  • N220.6 million: amount of dividend payment endorsed by shareholders.
  • 32.5 percent: dividend payout ratio approved by shareholders.
  • N250 billion: amount of debt instruments to be issued to fund company's expansion programme.
  • 164 percent: percentage increase in profit after tax from 2023 to 2024.
  • N256.96 million: profit after tax in 2023.
  • N679.6 million: profit after tax in 2024.
  • 156 percent: percentage increase in land and building sales from 2023 to 2024.
  • N1.05 billion: land and building sales in 2023.
  • N2.68 billion: land and building sales in 2024.
  • 109 percent: percentage increase in revenue from 2023 to 2024.
  • N1.74 billion: revenue in 2023.
  • N3.64 billion: revenue in 2024.

Sources:

  • [No source listed in the original text]

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