On December 14, 2006, the Board of Directors of Nation Media Group Limited announced a special interim dividend, in respect of the 2006 financial year, amounting to 100% of the par value of its 71,305,260 issued ordinary shares, which are quoted on the Nairobi stock Exchange.
The special interim dividend amounts to Kshs. 5.00 (or US$ .072, per share, at CBK's mean exchange rate of Kshs. 69.4467 per Dollar on January 3rd). It will be payable on or about January 31, 2007 to shareholders registered at the close of business on January 5th. For purposes of preparing the dividend, the register will remain closed from January 8th to 19th, both days inclusive.
The total dividend payout will amount to Kshs. 356.5 million; and will be paid less withholding tax where applicable, which for Kenya residents stands at 5% and remains the final tax on dividends.
On January 3rd, NMG shares traded at the average price of Kshs. 312.00, down from the average price of Kshs. 314.00 recorded on January 2nd (this year's first day of trading).
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