Learn Africa to Reward Shareholders with 25 kobo Dividend

Oluchi Chibuzor 

The shareholders of the Learn Africa Plc, has approved the payment of a total dividend of N192.86 million at 25 kobo per 50 kobo ordinary share. 

The shareholders gave their approval at the company’s 50th Annual General Meeting (AGM) in Lagos.

Speaking at the AGM, the Chairman of Board of Directors, Emeke Iwerebon, said intellectual property theft, including book piracy remains a concern for book publishing in the country.

He highlighted the widespread of unauthorised distribution and counterfeiting copies negatively impacted the viability and profitability of legitimate publishers like Learn Africa.

He assured shareholders that they remain committed to vigilant monitoring , enforcement of copyright protection and leveraging technologies to secure its content, hence the success in the financial report compared to previous year.

According to him, “In keeping with our corporate culture of delivering consistent value to our esteemed shareholders, the Board of Directors has proposed, for the consideration and approval of shareholders at this meeting a dividend of 25 kobo per ordinary share of 50 Kobo, a 25 percent increase over the previous year.  This translates to N192.86 million which is subject to the appropriate statutory deductions.”