WPP Scangroup Plc yesterday declared a special dividend of KES 8.00 per share following the disposal of its marketing research operations.
The transaction by WPP Scangroup follows the disposal by WPP plc of a 60% stake disposal in Kantar operations to Bain Capital Private Equity in July 2019.
The company had earlier said it would distribute at least Sh2 billion or Sh4.7 per share from the proceeds arising from the sale of its Kantar business in Africa.
“The board of WPP Scangroup Plc is pleased to announce the declaration and payment of a special interim dividend of Sh8 for every ordinary share held, subject to withholding tax, where applicable,” the company said in a market update.
“The special interim dividend will be payable to shareholders on the company register at the close of business on July 28, 2020. The dividend declared will be paid within 30 days from the closing date of the register.”