{"id":70395,"date":"2023-03-27T18:45:46","date_gmt":"2023-03-27T17:45:46","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=70395"},"modified":"2023-03-27T18:58:11","modified_gmt":"2023-03-27T17:58:11","slug":"united-capital-pays-n9-billion-dividend-holds-10th-annual-general-meeting","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/united-capital-pays-n9-billion-dividend-holds-10th-annual-general-meeting\/","title":{"rendered":"United Capital Pays N9 Billion Dividend, Holds 10th Annual General Meeting"},"content":{"rendered":"

Following impressive financial year, United Capital Plc, a leading Pan-African financial services conglomerate, will be paying a total of N9 Billion as dividend to it’s shareholders, just as it holds it’s 10th annual general meeting on Monday at the Transcorp Hilton Hotel, Abuja.<\/p>\n

\"United-Capital\"The\u00a0dividend payout translate to N1.50 for every 50 kobo ordinary share held by members in the company.<\/p>\n

As a precursor to the meeting, United Capital Plc presented its financial statement, recording impressive numbers despite evident market volatility.<\/p>\n

The\u00a0Board of\u00a0Directors, at the meeting, announced a 13% year-on-year increase in Profit Before Tax to N13.50 billion, a 49% year-on-year increase in Gross Earnings to N26.90 billion, and a 33% year-on-year increase in Total Asset to N601.92 billion.<\/p>\n

\"\"Addressing shareholders further, the Chairman,\u00a0Prof. Chika Mordi, said, \u201cDespite the macroeconomic pressures of 2022, United Capital Plc reported an outstanding financial performance. The Group\u2019s Return on Average Equity (RoAE) for the 2022 financial year was one of the highest among listed financial services institutions, signifying solid growth in the overall profitability of the Group and its subsidiary businesses.\u201d<\/p>\n

Reassuring shareholders,\u00a0he added, \u201cWe are confident in our ability to deliver consistent superior returns as we have put in place appropriate strategies to respond to possible scenarios that the year 2023 could throw at us.\u201d<\/p>\n

“In addition to its outstanding financial performance, United Capital Plc\u2019s\u00a0 subsidiaries\u00a0 individually recorded significant milestones during the year. The Investment Bank acted as Joint Issuing House to Dangote Industries Limited (DIL) $1 billion bond issuance, the largest bond issuance in the Nigerian Debt Capital Market by a corporate entity. Its Asset Management subsidiary won the award for the Fastest Growing Investment Management Company in Nigeria at the 2022 International Finance Awards and remains among the top three fund managers in Nigeria.\u00a0The Trustees business cemented its industry leadership as the number one Trustee business in Nigeria in terms of Funds under Management (FUM) and its Consumer Finance business disbursed over 130,000 loans totalling N21 billion.<\/p>\n

Speaking on the company’s outlook for the 2023 financial year, Mr. Peter Ashade, Group Chief Executive Officer said<\/p>\n

\u201cThis year marks our 10th year as a publicly quoted company on the Nigerian Exchange and I am delighted to affirm that\u00a0it\u00a0has been a decade of excellence and progress for both the organisation and its shareholders. This year, business sustainability, innovation, digitalization, and increasing global competition for talent are megatrends that will define how we operate given our long-term business objectives and goals. We will continue to position the organization as a globally reputable financial institution with the best team of professionals creating solutions and unique experiences for our clients and delivering superior value to all stakeholders while fostering social development and promoting financial inclusion across the geo-political zones that we operate.\u201d<\/p>\n

United Capital Plc has already put plans in motion to expand its commercial operations. The financial service company recently received a microfinance banking license from the Central Bank of Nigeria (CBN) in an effort to foster financial inclusion by offering diverse market segments access to loans, investments and capital raising solutions. It has also expanded its footprints globally, securing a strategic partnership with two leading Swiss investment banks.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

About United Capital Plc<\/b><\/p>\n

United Capital Plc remains a leader in the financial and investment services space, offering a robust suite of service offerings: Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, and Consumer Finance. The group aims to transform the African continent by providing innovative and creative investment banking solutions to governments, companies, and individuals.<\/p>\n

The group is listed on the Nigerian Exchange Limited (NGX) and is at the forefront of becoming the financial and investment role model across Africa by leveraging on innovation, technology, and specialist skills to exceed client expectations, while creating more value for all stakeholders.<\/p>\n

Photo Captions:<\/p>\n

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    Picture 1<\/span><\/b><\/p>\n

    L-R: Sir Leo Okafor, Company Secretary, United Capital Plc; Mr. Oluleke Ogunlewe, Non-executive Director, United Capital Plc; Mr. Emmanuel Nnorom, Non-executive Director, United Capital Plc; Mr. Peter Ashade, Group Chief Executive Officer, United Capital Plc; Professor Chika Mordi, Chairman (Non-executive Director), United Capital Plc; Mr. Sunny Anene, Deputy Group Chief Executive Officer, United Capital Plc; Sir Stephen Nwadiuko, Independent Non-executive Director, United Capital Plc; Mr. Oladipupo Fatokun, Independent Non-executive Director, United Capital Plc; and Mr. Sunny Iroche, Independent Non-executive Director, United Capital Plc.<\/span><\/p>\n

    \u00a0<\/span><\/p>\n

    Picture 2<\/b><\/p>\n

    L-R: Mr. Sunny Iroche, Independent Non-executive Director, United Capital Plc; Mr. Oladipupo Fatokun, Independent Non-executive Director, United Capital Plc; Sir Stephen Nwadiuko, Independent Non-executive Director, United Capital Plc; Mr. Emmanuel Nnorom, Non-executive Director, United Capital Plc; Professor Chika Mordi, Chairman (Non-executive Director), United Capital Plc; Mr. Peter Ashade, Group Chief Executive Officer, United Capital Plc; Mr. Oluleke Ogunlewe, Non-executive Director, United Capital Plc; Mr. Sunny Anene, Deputy Group Chief Executive Officer, United Capital Plc; and Sir Leo Okafor, Company Secretary, United Capital Plc.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

    <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

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