BAT Uganda Shareholders Approve Dividend Of UGX19.9 Billion For The Year 2020 Company Decries Rising Illicit and Unregulated Product Leading To Loss of Over UGX30 Billion in Annual Government Revenues

Shareholders of British American Tobacco Uganda Limited (BAT Uganda) have ratified UGX19.9 billion (UGX 406 per share) as a first and final dividend for the year ended 31st December 2020. This was during the Company’s 21st Annual General Meeting (AGM) held today by electronic means. The dividend, which will be paid net of withholding tax on 21st June 2021, is in line with the Company’s 100% dividend pay-out policy. BAT Uganda Managing Director, Kirunda Magoola said: “BAT Uganda remained resilient in 2020 despite a challenging business environment, compounded by impacts of the global COVID-19 pandemic. The Company registered a 1%…