Zichis Agro Allied Industries is proposing bonus share of one new share for every one existing share by shareholders alongside a final dividend of 20 kobo per share.

This is coming after the Nigerian Exchange Limited suspended trading in the shares of the company pending the outcome of a regulatory investigation into recent trading activities on February 23, 2026.

Zichis Agro-Allied's share price had climbed by 772 percent to close at N17.36 on Friday, February 20, from its listing price of N1.81 on January 20.

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The NGX said the suspension was due to extraordinary price movements in the price of the company and effectively halts further transactions in the stock while regulators examine the circumstances surrounding the rapid appreciation.

The agro allied company in an announcement to investors declared a proposed "final dividend of 20 kobo per 50 kobo ordinary share, subject to withholding tax,and on approval will be paid to shareholders whose name appears in the share register of members as at the close of business on the 16 March, 2026."

It also announced proposed bonus shares in the ratio of One new share for every One existing share held by shareholders whose names appear in the Register of Members at the close of business on 16 March, 2026, subject to the approval of the shareholders at the annual general meeting.

It noted that the Register of Shareholders will be closed from 17 March to 20 March 2026, with a qualification date set for 16, March 2026, while payment will be on 29 April 2026.

"Dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 16 March 2026

and who have completed e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

E-Dividend Registration Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar's E-Dividend