Red Star Express Plc has asked its shareholders to update their records with the registrars to ensure accuracy before dividends are declared at its Annual General Meeting, which is scheduled to hold next month.

The company said in a statement that the AGM was expected to handle issues such as presentation of audited financial statement for the year and reports of the directors, auditors, and audit committee, as well as declare dividend and elect members of the audit committee.

The Group Managing Director, Mr Olusola Obabori, said he was hopeful that this year’s AGM would turn out well with profit, as the case had been in preceding years.

He said, “Last year, the group turnover rose from N7.3bn in 2017 to N8.41bn in 2018; similarly, it rose from N6.6bn in 2016 to N7.3bn in 2017. We have always done better than the preceding years.

“We are, however, hopeful that this year, we will record a higher turnover than last year. Red Star Express is committed to wealth for shareholders, and appreciates their support at all times. We look forward to a well-organised and successful AGM.

“We are officially announcing to the public, especially our shareholders, that the company’s AGM will come up next month and that they should update their records with the registrars.”

Obabori stated that some dividend warrants had remained unclaimed or were yet to be presented for payment or re-validation, adding that such affected shareholders should contact the registrars to rectify such issues before the AGM.