CIC INSURANCE GROUP PLC - 45TH ANNUAL GENERAL MEETING
Date: 7th June 2024
Time: 10:00 a.m. EAT
SHAREHOLDERS QUESTIONS AND RESPONSES
These were the questions that were received prior and during the AGM, and the responses.
NO | QUESTION | RESPONSE |
Thank you for your question. The current share price as at 28th May 2024 is ksh 2.27. Thank | ||
1 | What is the current share price? | you |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | ||
2 | Dividends via Mpesa | Mpesa. |
Thank you for your observation. The declared dividend was informed by the performance of | ||
what informed the declaration of | the business also considering that this is a transition year from IFRS 4 to IFRS 17 reporting | |
dividend given that the financial | standard. One of the key business focus remains ensuring that all our businesses are | |
3 | performance increased | adequately capitalized. |
Thank you for question, the company has declared a dividend of KShs 0.13 per share held for | ||
4 | how do calculate your dividend | the year ended 31/12/2023 and to be paid on or about 8th July 2024 |
Thank you for your question and participating in this year's AGM. The current share price as at | ||
5 | How much are these 120 shares worth | 29th May 2024 is Ksh 2.27 per share and you hold 120 shares. |
l have never received any dividend for | Thank you for the question. For dividends, please contact the share registrar through | |
6 | several years what's happening? | custodial@www.co- opbank.co.ke or call 0711049237 for assistance. |
Thank you for question, the company has declared a dividend of KShs 0.13 per share for the | ||
7 | How much is the divided this year | year ended 31/12/2023 and to be paid on or about 8th July 2024 |
Thank you for question, The company has declared a dividend of KShs 0.13 per share for the | ||
8 | what percentage is per share | year ended 31/12/2023 and to be paid on or about 8th July 2024 |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | ||
9 | Kindly pay to my Mpesa line | Mpesa. |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | ||
10 | Is Mpesa okay? | Mpesa. |
I have not received my dividends for a | ||
number of years... What has been | Thank you for the question. For dividends, please contact the share registrar through | |
11 | happening? | custodial@www.co- opbank.co.ke or call 0711049237 for assistance. |
I have not received my dividends for a | ||
number of years... What has been | Thank you for the question. For dividends, please contact the share registrar through | |
12 | happening? | custodial@www.co- opbank.co.ke or call 0711049237 for assistance. |
Thank you for question. The company has declared a dividend of KShs 0.13 per share for the | ||
13 | how much dividend is to be paid | year ended 31/12/2023 and to be paid on or about 8th July 2024 |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
I wish to receive my dividends via Mpesa | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | |
14 | how do I register | Mpesa. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
How to get dividends payment via | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | |
15 | Mpesa | Mpesa. |
16 | Sh/share | Thank you for question, we advise that you hold 7,500 shares |
I have not received dividend shares for | Thank you for the question. Please contact the share registrar through custodial@www.co- | |
17 | almost 10 years. | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
I am yet to receive dividend shares for | Thank you for the question. Please contact the share registrar through custodial@www.co- | |
18 | almost 10 years now. | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
Thank you for your question. Please note that you are required to contact your stockbroker in | ||
19 | If I want to sell them what should I do | order to trade (BUY/SELL) shares. |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
20 | how much are you paying | July 2024 |
Thank you for your question. As part of continuous improvement we will continue to assess | ||
the need for physical / virtual/ Hybrid meetings. This will be taking into account the emerging | ||
21 | what happened to physical meetings? | trends and various stakeholders needs. Thank you |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
Thank you for the question. Please contact the share registrar through custodial@www.co- | ||
22 | when did i get the dividend payment | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
please send payment to this | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | |
23 | number,0721715977 | Mpesa |
Thank you for your question. The total dividend is a factor of the total number of shares held | ||
multiplied by the declared dividend rate per share. For the year ended 2023, the company has | ||
how are annual dividends calculated, | declared a dividend of ksh0.13 per share to be paid on or around 8th July 2024 as per your | |
24 | and how does one receive them | preferred mode of payment |
Thank you for your question and participating in this year's AGM. We will look into ways of | ||
25 | gift to compliment dividend | accommodating the same as we take cognizance of emerging trends. |
Thank you for your question and participating in this year's AGM. We will look into ways of | ||
26 | compliment dividend with gift | accommodating the same as we take cognizance of emerging trends. |
Thank you for your question. The Group has in place a 5-year(2021-2025) Strategy. This | ||
What is the management team has in | strategy is underpinned by 12 pillars whose objective is to sustainably and profitably grow our | |
place to improve in the dividend came | business. With continued growth of our profitability we expect to further improve shareholder | |
27 | next year.. | returns. |
Thank you for your question. The Group has in place a 5-year(2021-2025) Strategy. This | ||
strategy is underpinned by 12 pillars whose objective is to sustainably and profitably grow our | ||
How will the board ensure an increase in | business. With continued growth of our profitability we expect to further improve shareholder | |
28 | dividend come next year. | returns. |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
29 | when do I get dividends? | July 2024 |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | ||
30 | can dividend be paid by Mpesa | Mpesa |
have you paid dividends for the last 5 | Thank you for the question. Please contact the share registrar through custodial@www.co- | |
31 | years | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
have you paid dividends for the last 5 | Thank you for the question. Please contact the share registrar through custodial@www.co- | |
32 | years | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
33 | None | Thank you for participating in this year's AGM. |
Thank you for your question. The profit after tax for the year ended December 2023 was Ksh | ||
What's the profit after tax and what | 1.4 B. The company has declared a dividend of KShs 0.13 per share for the year ended | |
34 | should we expect as dividend?! | 31/12/2023 and to be paid on or about 8th July 2024 |
Can you create a webinar for new and | ||
young stakeholders that wish to learn | Thank you for the proposal. This will be reviewed for consideration factoring in various | |
35 | more about dividends? | stakeholder dynamics. |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
36 | Dividends | July 2024 |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
37 | Are you paying dividend | July 2024 |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
38 | when should dividend payment | July 2024 |
Thank you for the question. Please contact the share registrar through custodial@www.co- | ||
39 | I hardly get my dividend | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
40 | when are dividends due? | July 2024 |
Thank you for your observation. The declared dividend was informed by the performance of | ||
Why did we get the same dividend even | the business also considering that this is a transition year from IFRS 4 to IFRS 17 reporting | |
with the good profits for the year | standard. One of the key business focus remains ensuring that all our businesses are | |
41 | ended? | adequately capitalized. |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
Thank you for query, the company has declared a dividend of KShs 0.13 per share for the year | ||
42 | where are dividents? | ended 31/12/2023 and to be paid on or about 8th July 2024 |
Thank you for the question. We have sold over 70% of phase 1 and following obtaining all | ||
43 | Update on Tatuu City plot? | approvals have commenced sale of phase 2. |
Thank you for your question. The CIC Group Plc leadership has been keen to provide a | ||
consistent dividend to shared holders. Having achieved this for 2 years and this being a | ||
transition year from IFRS 4 to IFRS 17 reporting standard, going forward other options | ||
44 | When will there be a bonus | including bonus share will be considered. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
45 | How are the dividends paid | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of dividend payment. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
46 | can it be paid | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of dividend payment. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of dividend payment | ||
47 | Can the dividend be laid through mpesa | through Mpesa. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
48 | How do you get paid ? | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment. |
Thank you for participating in this year's AGM. Please dial *483*484* to access the AGM | ||
49 | AGM reports | report |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
50 | Dividend | July 2024 |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
51 | When is the date for dividend payout | July 2024 |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
52 | my annual dividends? | July 2024 |
The 2023 annual report can be accessed on our website via this link: | ||
https://www.cicinsurancegroup.com/wp-content/uploads/2024/06/CIC-Annual-Integrated- | ||
53 | can receive the audited reports? | Report_2023_web.pdf |
How do I know how much dividends I've | Thank you for the question. Please contact the share registrar through custodial@www.co- | |
54 | accumulated since buying stock | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
how do I know how many dividends I'm | ||
getting, a way I can get a statement | Thank you for the question. Please contact the share registrar through custodial@www.co- | |
55 | showing those details | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
dividends concerns: About the | ||
dividends: what happened of late; no | Thank you for the question. Please contact the share registrar through custodial@www.co- | |
56 | dividends! | opbank.co.ke or call 0711049237 for assistance with your dividend payment. |
Thank you for your question. Non-Independent Directors retire after their specific term of | ||
three years and can offer themselves for re-election if under 70 years. Independent Directors | ||
57 | Term of tenure for director | can only serve for two terms - three years each. |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
58 | when will the dividends paid | July 2024 |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
59 | payment of dividends | July 2024 |
Thank you Mr chairman. Some of us are | Thank you for your question. The Group has in place a 5-year(2021-2025) Strategy. This | |
aged, this 13 cents don't make sense. | strategy is underpinned by 12 pillars whose objective is to sustainably and profitably grow our | |
Since CIC made profit, couldn't this be | business. With continued growth of our profitability we expect to further improve shareholder | |
60 | adjusted to 20cts? | returns. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
61 | Submission of details | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of dividend payment. |
Thank you for question and participating in this year's AGM. The company has declared a | ||
dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | ||
62 | When is the dividend getting paid? | July 2024 |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
63 | how does one get her dividend | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of dividend payment. |
64 | N/A | Thank you for participating in this year's AGM. |
I have been a shareholder for the last | ||
three years but the return aren't good at | ||
all. What is the plan by the directors and | ||
management team to ensure we get | Thank you for your question. The Group has in place a 5-year(2021-2025) Strategy. This | |
return on investment as well as capital | strategy is underpinned by 12 pillars whose objective is to sustainably and profitably grow our | |
gains because shares get diluted | business. With continued growth of our profitability we expect to further improve shareholder | |
65 | everyday. Regards | returns. |
Thank you for question and participating in this year's AGM. The company has declared a | ||
Are you paying dividends this year and | dividend of KShs 0.13 per share for the year ended 31/12/2023 and to be paid on or about 8th | |
66 | at what rate? | July 2024. |
Thank you for your question. Our Board of Directors vacancies are publicly advertised as at | ||
How do I present myself for election as | when they arise. In on-boarding of directors we are guided by the Insurance Act section 27a | |
67 | director | which stipulates the qualifications to become a director. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
68 | l never receive my dividend | Custodial@co-opbank.co.ke or call 0711049237 to update your mode of dividend payment. |
Thank the management for good job | ||
despite of harsh climate. I pledge to the | ||
board to consider shareholders who | ||
register n vote for the AGM to meet the | ||
quorum Most we struggle to fuliza to | Thank you for the compliment. We have noted your proposal for review and consideration by | |
69 | streamline live thank you | the leadership. Thank you |
Thank you for the question. For dividends, please contact the share registrar through | ||
70 | l don't get my dividers ever why | custodial@www.co- opbank.co.ke or call 0711049237 for assistance. |
Thank you for the question. For dividends, please contact the share registrar through | ||
71 | l don't get my dividend ever | custodial@www.co- opbank.co.ke or call 0711049237 for assistance. |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
Thank you for the question. For dividends, please contact the share registrar through | ||
72 | why don't l get my dividend ever | custodial@www.co- opbank.co.ke or call 0711049237 for assistance. |
Thank you for question. The company has declared a dividend of KShs 0.13 per share for the | ||
73 | How much is dividend | year ended 31/12/2023 and to be paid on or about 8th July 2024. Thank you |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | ||
74 | pay my dividend on my mpesa | Mpesa. |
Thank you for question. The company has declared a dividend of KShs 0.13 per share for the | ||
75 | how much divided are you giving | year ended 31/12/2023 and to be paid on or about 8th July 2024. Thank you |
Thank you for question. The company has declared a dividend of KShs 0.13 per share for the | ||
76 | Why no dividend? | year ended 31/12/2023 and to be paid on or about 8th July 2024. Thank you |
Thank you for the question. For dividends, please contact the share registrar through | ||
77 | I dont get dividend | custodial@www.co- opbank.co.ke or call 0711049237 for assistance. |
Thank you for question. The company has declared a dividend of KShs 0.13 per share for the | ||
78 | dividend ni ngapi? | year ended 31/12/2023 and to be paid on or about 8th July 2024. Thank you |
Thank you for question. The company has declared a dividend of KShs 0.13 per share for the | ||
79 | Sh/share | year ended 31/12/2023 and to be paid on or about 8th July 2024. Thank you |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment to either | ||
80 | Mode of payment | bank, Mpesa or cheque. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment to either | ||
81 | how do you pay | bank, Mpesa or cheque. |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | ||
82 | Can div. be paid on Mpesa | Mpesa. |
Thank you for question. The company has declared a dividend of KSh 0.13 per share for the | ||
year ended 31/12/2023 and to be paid on or about 8th July 2024. Please contact the share | ||
registrar through custodial@www.co- opbank.co.ke or call 0711049237 for assistance. Thank | ||
83 | why are we not paid dividends please | you |
Can shareholder be given a chance to | ||
own some of the plots under sale at a | Thank you for your question. No we do not have a special price for shareholders. The purchase | |
84 | discounted rates? | price is however very reasonable starting at Kshs 9 Million for a 1/4 acre. |
Thank you for participating in this year's AGM. Please contact the share registrar through | ||
Custodial@co-opbank.co.ke or call 0711049237 to update your mode of payment through | ||
85 | can l get my dividend through mpesa. | Mpesa. |
Your question is well noted. We will look into ways of accommodating the same as we take | ||
86 | GIFTS FOR SHAREHOLDERS PLEASE | cognizance of emerging trends. |
Is Thea a dividend in the years financial | Thank you for question. The company has declared a dividend of KSh 0.13 per share for the | |
87 | reports. | year ended 31/12/2023 and to be paid on or about 8th July 2024. |
Thank you for your question. Emerging trends have continued to guide on the modalities of | ||
Could you be having intentions to hold | conducting the AGMs. As part of continuous improvement we will continue to assess the need | |
88 | hybrid meeting for the shareholders | for physical / virtual/ Hybrid AGMs. |
Why do we have this resolution carrying | ||
two separate agendas? "Approve | Thank you for your question. The agenda items for the appointment of PwC as auditors and | |
appointment of PwC as auditors of the | the authorization for directors to determine the auditors' remuneration are inherently related. | |
company and to authorize Directors to | Consequently, these items have been combined into a single resolution to streamline the | |
89 | fix their remuneration" | decision-making process. |
May we be notified via SMS when | Thank you for participating in this year's AGM. Please visit our share registrar Co-operative | |
90 | dividends are paid. | Custody or reach them through shares@co-opbank.co.ke / 0711049234 for the assistance |
Thank you for your question. The 2023 annual report can be accessed on our website via this | ||
Where can we get audited report? The | link: https://www.cicinsurancegroup.com/wp-content/uploads/2024/06/CIC-Annual- | |
91 | hard copy | Integrated-Report_2023_web.pdf |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
ARE WE GOING TO BE GIVEN GIFT PACKS | ||
OR EVEN DATA BUNDLES FOR | Thank you for your question. We will look into ways of accommodating the same as we take | |
92 | ATTENDING THE MEETING NO | cognizance of emerging trends. |
Thank you for your question. The CIC Group Plc leadership has been keen to provide a | ||
consistent dividend to shared holders. Having achieved this for 2 years and this being a | ||
Dividend not impressive why not | transition year from IFRS 4 to IFRS 17 reporting standard, going forward other options | |
93 | considered bonus instead of dividend | including bonus share will be considered. |
What is ESG as mentioned by the Chair | Thank you for your question. ESG stands for Environmental, Social and Governance which is a | |
94 | in his speech? Thank you. | criteria used to report on sustainability. |
Thank you for your question. The Group has in place a 5-year(2021-2025) Strategy. This | ||
strategy is underpinned by 12 pillars whose objective is to sustainably and profitably grow our | ||
What other investment does the board | business. The Group has in place a robust investment framework that informs the investment | |
engage in to improve on the dividend | decisions to ensure optimal returns. With continued growth of our profitability we expect to | |
95 | share out in the next financial year.. | further improve shareholder returns. |
Mr. Chairperson, your statement and | ||
report is very rich in what CIC is doing to | ||
the general public. While I consider the | ||
public of great important in the business | ||
of CIC, I cannot miss to notice the very | ||
low returns on shares paid to | ||
shareholders, who are the most | ||
important stakeholders of the business. | ||
What is your team doing to increase | ||
these returns? We would greatly | Thank you for the compliments. The Group has in place a 5-year(2021-2025) Strategy. This | |
appreciate a dividend payout of over | strategy is underpinned by 12 pillars whose objective is to sustainably and profitably grow our | |
kshs. 1.00 coming financial year. thank | business. With continued growth of our profitability we expect to further improve | |
96 | you. | shareholder returns. |
CIC Insurance Group Plc AGM Questions and Responses 5th May 2023
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CIC Insurance Group plc published this content on 11 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2024 06:32:08 UTC.