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The NMB Managing Director - Ineke Bussemaker hands over a dummy cheque of TZS 16.5 Billion to the minister of Finance - Saada Mkuya as the government’s dividend from the bank after a net profit after tax of TZS 155.6 Billion in 2014. The board of directors then approved TZS 52 Billion as dividend to shareholders. The government being the second largest shareholder with 31% had a dividend of TZS 16.5 Billion.
Pursuant to the resolution for the Rights Issue which was passed at the Annual General Meeting (AGM) of CRDB Bank Plc. held on 9th May, 2015 and subsequent approvals by the regulators, the Directors of CRDB Bank Plc hereby announce the issuance of the Rights shares in the ratio of one (1) New Ordinary Share for every five (5) Ordinary Shares to the Shareholders who will be on the Bank’s Register of Members at the close of business on Thursday, 18th June 2015 (Record Date).
The Rights Issue is fully underwritten.
NOTICE OF THE 15th ANNUAL GENERAL MEETING OF THE MEMBERS OF
NATIONAL MICROFINANCE BANK (NMB) PLC
Notice is hereby given that the 15th Annual General Meeting of NMB shareholders will be held at the
Julius Nyerere International Convention Centre in Dar es Salaam on Saturday, 6th June, 2015 at
10.00 a.m. The agenda will be as follows:
DCB NOTICE OF THE END OF TENURE OF THE BOARD OF DIRECTORS
Pursant to the continuing listing obligation, DCB has hereby informed the Exchange of that the board directorship tenure of Mr. Makinya Kapuli Migetto and Mrs. Sophia Mjasiri Emesu expired on 31st May 2015.
The link below is reference letter from DCB to Dar es Salaam Stock Exchange
Acacia Mining plc
(“Acacia” or the “Company”)
First Stoping Ore from Gokona Underground at North Mara
SWALA FARMS OUT 25% OF LICENCE INTERESTS TO TATA PETRODYNE LIMITED
Swala Oil and Gas (Tanzania) Plc ("Swala" or "the Company") is pleased to announce that it has reached agreement with Tata Petrodyne Limited ("TPL"), a subsidiary of the multinational Tata Sons Limited, under which TPL shall farm into the Pangani and Kilosa-Kilombero licences in Tanzania. This allows Swala to remain committed to these licences and to secure funding for future exploration activities in a way that minimises the risk to its current shareholders.
The Board of Directors of CRDB Bank Plc is pleased to, subject to obtaining approval from the Annual General Meeting of shareholder to be held on May, 9th 2015, Declare dividend of TZS 15 per issued and fully paid up share in line with the Bank’s dividend policy. Total of TZS 32.6 billion dividend will be paid out which is higher than the TZS 30.7 billion paid out in the year 2013 an increase of 7%. Earnings per share (EPS) is TZS 43.9, price earning ratio (P/E) is TZS 9.8 and dividend yield is 3.5%.
Performance for the year
Despite a tough domestic economic environment and highly competitive export markets, gross turnover increased from