Page 125 - flipbook-ubp-IR

OUR FINANCIAL PERFORMANCE STATEMENTS
Category of shareholders
Number of shareholders
Number of shares owned
Percentage (%)
Individuals 4,358
7,624,104 28.76
531,110 2.00
2,595,737 9.79
473,753 1.79
15,285,338 57.66
26,510,042 100.00
Insurance and assurance companies Pension and provident funds Investment and trust companies Other corporate bodies
16
65
52
292
Total 4,783
Shares in Public Hands
In accordance with the Listing Rules of the Stock Exchange of Mauritius Ltd, at least 25% of the shareholding of the Company is in public hands.
Share Registry and Transfer Office
The Company’s Share Registry and Transfer Office has been outsourced to DTOS
Registry Services Ltd.
Total Shareholders’ Return
Share price at the end of the current year Share price at the end of the previous year Increase/(Decrease) in share price Dividend per share
Total return per share
Total return based on previous year’s share price
Dividend Policy
Rs Rs Rs Rs Rs
125.50
115.00
10.50
3.50
14.00
131.25
125.50
5.75
3.80
9.55
7.61
128.50
131.25
(2.75)
1.90
(0.85)
(0.65)
144.75
128.50
16.25
3.00
19.25
14.98
139.00
144.75
(5.75)
3.00
(2.75)
(1.89)
Total Shareholders’ Return
2018
2019
2020
2021
2022
% 12.17
The Company has no formal set dividend policy. The payment of dividend is subject to the Company’s performance, its cash flow position, its capital expenditure and debt servicing requirements, as well as its foreseeable investments and growth opportunities. In so doing, the Board of Directors attempts to distribute a yearly dividend which, under normal circumstances, should remain sustainable in the medium to long term.
On May 11, 2022, the Company declared a dividend of Rs 3.00 per share in respect of FY2022.
Please refer to Financial Highlights on pages 94 and 95 for indicators and dividends paid per ordinary share over the past five years to June 30, 2022.
Shareholders’ Agreement
At the time of writing, there is no shareholders’ agreement to the knowledge of the Company.
Annual Meeting of Shareholders
The Company’s Annual Meeting is the main forum where the shareholders exercise their rights to decide on the Company’s affairs and receive direct feedback from Board members. The external auditors also attend the meeting.
UBP INTEGRATED REPORT 2022 123
CORPORATE GOVERNANCE