Africazine:
Transnational Corporation Plc has taken significant steps to enhance its corporate governance and shareholder returns during its 20th Annual General Meeting in Abuja.
Shareholders approved a final dividend of N1.60 per share, bringing the total dividend for the 2025 financial year to N2.00 per share. The meeting also saw the re-election of three independent directors and the reconstitution of the statutory audit committee.
Transcorp Group Approves Dividend and Board Changes
During the AGM, shareholders expressed their confidence by approving a final dividend of N1.60 per ordinary share for the 2025 financial year. This amount, combined with an interim dividend of 40 kobo per share paid in August 2025, results in a total dividend of N2.00 per share for the year.
The meeting also included the re-election of three independent non-executive directors: Victor Famuyibo, Ahmadu Sambo, and Foluke Abdulrazaq, OON. This move aims to strengthen the board’s oversight and governance.
Nigeria: Key figures on Dividend and Board Resolutions
- N1.60 per ordinary share final dividend
- N2.00 per share total dividend for 2025
- N790 million cumulative remuneration for non-executive directors for 2026
Expanded Corporate Powers Granted to the Board
Shareholders granted the board broad authority to invest in, acquire, or divest from businesses. This includes undertaking restructuring or reorganization activities, subject to necessary regulatory approvals. The board also received a general mandate to engage in recurring related-party transactions essential for daily operations.
The resolutions adopted at the AGM empower the board to implement these decisions effectively, ensuring the company remains agile in a competitive market.
Next Steps for Transnational Corporation Plc
- Implementation of approved dividend payments
- Execution of board-authorized investments and acquisitions
- Continued engagement in related-party transactions
Transnational Corporation Plc is poised for growth with its new governance and investment strategies.
