Stock offerings
Vodacom Group, a leading South African telecommunications company, has issued dividend equivalent shares to several of its executive directors and a director of a major subsidiary. The shares were awarded as a result of the vesting of performance conditions related to shares allocated under the Conditional Share Plan. The ESG
Financial markets
Aliko Dangote, President and Chief Executive of the Dangote Group, has announced plans to list Dangote Fertiliser Limited on the Nigerian Exchange, with the goal of addressing investor concerns about the value of the naira and revolutionizing the capital market. The listing aims to provide a dollar-based business system, which
Financial markets
Agility Public Warehousing Company K.S.C.P. has revealed a substantial development in its dividend distribution strategy for the first quarter of 2025, where the company's Board of Directors has decided to distribute in-kind dividends by granting shareholders shares in its subsidiary, Agility Global PLC, listed on
Stock offerings
Nigeria's frontline industrial gas manufacturer, Industrial and Medical Gases (IMG) Nigeria Plc, has won shareholder approval to launch a N6.5 billion rights issue. Simultaneously, the shareholders endorsed an estimated N400 million dividend proposal, representing 80 kobo per share, alongside a bonus issue of one new Ordinary Share
Financial markets
Al Mal Capital REIT, the first Real Estate Investment Trust listed on the Dubai Financial Market (DFM), has announced plans for a follow-on public offering (FPO) and a 3.75% interim dividend for the first half of 2025. The FPO aims to issue up to 220 million new units at
Financial markets
Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market, is inviting investors to subscribe to new units in its closed-ended Real Estate Investment Trust (REIT) through a follow-on public offering (FPO). The FPO aims to expand the REIT's portfolio of income-generating real estate assets
Stock offerings
Prosus N.V. has announced the distribution of its annual report for the year ended 31 March 2025, which will be available on its website, www.prosus.com, on Monday, 23 June 2025. The annual report includes the company's consolidated financial statements, as well as additional supporting information.
Stock offerings
Dividend 15 Split Corp. II has announced the renewal of its at-the-market equity program, allowing the company to issue shares of Class A and Preferred Shares to the public from time to time at prevailing market prices. The ATM program, which replaces the prior program established in May 2023, will
Banks (Finance)
In a bid to demonstrate their compliance with the Central Bank of Nigeria's (CBN) regulatory forbearance policy, Zenith Bank Plc, Access Bank Plc, and FCMB Group have provided updates on their progress in meeting the requirements tied to their forbearance status. The CBN, in a circular dated 13
Stock offerings
Dividend 15 Split Corp. II has announced the renewal of its at-the-market equity program, allowing the company to issue shares of the company to the public from time to time at the company's discretion. This program replaces the prior one established in May 2023 and is effective until
Stock offerings
Hammerson plc, a UK-based property developer, has announced the results of its Dividend Reinvestment Plan (DRIP) following the payment of the final cash dividend for the period ending 31 December 2024. Shareholders were given the option to receive their cash dividend in the form of ordinary shares through the DRIP,
Banks (Finance)
Nigerian investors were reassured by Zenith Bank Plc on Wednesday, despite the central bank's instructions to temporarily suspend dividend payments, bonuses, and foreign subsidiary investments. The bank stated that it has taken steps to ensure complete provisioning by June 30, 2025, and expects to exit all Central Bank
