NOTIFICATION OF SECOND INTERIM DIVIDEND

This is to notify the general public and especially shareholders of Tanzania Portland Cement Company Limited that the Directors of the company have declared a second interim dividend of TZS 70 per share, which will be paid on or about 28 February 2018.

For purposes of this dividend payment, the register of Members will close on 4 January 2018, and the last day of trading cum dividend will be 29 December 2017.

 

BY ORDER OF THE BORD

 

Source: THE CITIZEN, 8 Friday 2017

CMSA has approved the request by Maendeleo Bank Plc to raise Tshs 10.567 billion by issuing 17,612,417 ordinary shares to the public at Tshs 600 each.

Each Collecting Agent’s fee shall be 2% of the value of allotted shares subscribed for through the Collecting Agent. Service Level Agreement to that effect will be circulated for your signatures in due course.

 

Offer opens: 18th Sept, 2017

Offer closes: 3rd Nov, 2017

Expected listing date: 5th Dec, 2017

 

Application Forms and Prospectus will be available for collection from Arch Financial & Investment Advisory Ltd at their offices at NIC Life House, Wing C, 2nd Floor.

Kindly acknowledge receipt of this email.

Regards

 

IYEN J.A. NSEMWA

MANAGING DIRECTOR

 

ARCH FINANCIAL & INVESTMENT ADVISORY LIMITED

http://archfia.or.tz/home.php

The board has approved th payment of Tsh.470/= per share as the second dividend in 2017.

Pursuant to the dividend payment declaration, the share Register details shall remain as follows:

 

Closure of the Members Register :  01 November, 2017

Trading of Shares cu Dividend     : 10 October, 2017 to 27 October, 2017

Trading of Shares Ex Dividend     : 30 October, 2017

Dividend Payment on or by          :  08 November, 2017

 

Dividend will be paid directly to the shareholder's bank account. For those who have no bank account are advised to open a bank account and update their details by visiting the TBL offices in Arusha, Mwanza, and Dar es Salaam or nearest CRDB Bank Branch.

Shareholders shall be required to produce their identity cards, and certified copies of their share certificate or CDS receipts.

 

BY ORDER OF THE BOARD

Source: Daily News, Tuesday, 10 October 2017

CHAIRMAN'S STATEMENT

Tanzania Portland Cement Company (TPCC) recorded revenue of TZS 119bn in the first half of 2017. This is  a decrease of 16% compared with the same period in 2016. The decrease in revenue is mainly because of the lower price as a result of increased competition in the market.

Management continues to exercise strict costs control which are represented by decrease in cost of sales of 7% and selling and administrative expenses by 14%.

TPCC continues to defend its market leadership through strong customer relations.

 

PROSPECTS

The market situation remains challenging but TPCC will continue to work to maintain its market leadership position.

 

DIVIDEND

Despite drops in result the directors declare an interim dividend of TZS 120 per share (2016:TZS 120 per share) which will be paid on or about 31 October 2017.

 

The register of the Members will close on 25 September 2017. The lst day of trading cum dividend will be 20 September 2017.

 

Source: Daily News 31 August 2017

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