Mobile telecom giant, MTN Ghana, has announced the postponement of its 2020 Yearly General Meeting set up for 13 May 2020.
At the same time, MTN Ghana has announced the suspension of the payment of dividend scheduled for 25 May 2020, until more notice.
The AGM is to bring the investors of the company to take important choices.
MTN Ghana has numerous 10s of countless shareholders following its effective Preliminary Public Deal in 2018.
According to a statement from the company, the postponement has become needed as a result of the COVID-19 pandemic, in addition to the ensuing instructions imposing constraints on public gatherings, to suppress the spread of the virus namely:
On March 15, 2020, President of the Republic of Ghana, Akufo-Addo announced a regulation on public gatherings.
Also, the Ghana Stock Exchange Circular No 001/2020 dated March 16, 2020, enhanced the restrictions on public gatherings as set out in the March 15, 2020 directive.
ALSO READ: Ghana’s Korle Bu Hospital discharges all seven COVID-19 patients who recovered
“Consequently, payment of the Final Dividend for 2019, and the payment date of May 25, 2020, as published in the Scancom Plc. (MTN Ghana) Annual Results for the year ended 31 December 2019 (the “Annual Results”) are hereby also postponed until further notice”, the statement emphasized.
The statement added that “Kindly note that the Ex-dividend date of April 28, 2020, and the Qualifying date of April 30, 2020, published in the Annual Results remain unchanged”.
