MEIKLES Limited (Meikles) has deferred its interim dividend payment due this week as a result of the national lockdown caused by coronavirus, whose death toll has reached more than 74 782 and infected 1,3 million globally
Thabani Mpofu, Meikles’ company secretary, said the lockdown “resulted in an inability to effect the normal administrative procedures relating to the payment of the dividend”.
The diversified concern declared an interim dividend of 10 cents per share payable out of the group’s profit from the current financial year.
“Due to the extraordinary circumstances that we find ourselves in and with consultation with other parties in the dividend payment process, a decision to defer the payment was made and the Zimbabwe Stock Exchange granted permission to defer payment to on or about 30 April 2020,” Mpofu
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