This archive report was first published on 7 July 2020.
WPP Scangroup has declared a special interim dividend of KSh8.00 per ordinary share, to be paid to shareholders on the company register at close of business on 28 July 2020.
The dividend payout follows the completion of the sale of WPP's shareholding in several companies, including Millward Brown East Africa Limited, Millward Brown Nigeria Limited, and Millward Brown West Africa Limited, on 30 June 2020.
Additionally, WPP sold its 80% stake in Research and Marketing Group Investment Limited, a Mauritian holding company for Kantar TNS businesses in several countries.
The company's board met to consider the use of proceeds, taking into account available distributable reserves, potential expansion, and ongoing cash requirements.
WPP shareholders had previously approved the sale of the company's shareholding in the companies in a virtual meeting held on 27 May.
Related stories: High Court Permits WPP-Scangroup to Hold an EGM and WPP Scangroup Shareholders Approve Sale of Kantar Business.
