BUA Foods PLC AGM: ₦28 Dividend Approved for 2025
BUA Foods Plc has filed the resolutions passed at its Fifth Annual General Meeting held on 15 July 2026 at Transcorp Hilton Hotel, Abuja. The filing covers seven resolutions including dividend approval, director re-elections, and audit committee appointments for the year ended 31 December 2025.
BUA Foods Plc convened its Fifth Annual General Meeting on Wednesday, 15 July 2026, at Transcorp Hilton Hotel, Maitama, Abuja. Members present passed seven resolutions, the details of which were filed with the exchange on 17 July 2026.
Shareholders approved the company's Audited Financial Statements, Directors' Report, Auditors' Report, and Audit Committee Report for the financial year ended 31 December 2025. A dividend of ₦28.00 per ordinary share of 50 kobo was approved as recommended.
Two directors — Abdul Samad Rabiu and Oluyemisi Lowo-Adesola — were re-elected to the board following their retirement by rotation. The board was also authorised to fix the remuneration of the auditors for the financial year ending 31 December 2026.
Three shareholders' representatives were elected to the Statutory Audit Committee: Musa Bichi, Eric Akinduro Akinnifesi, and Nwokocha Innocent Peters. The board's representatives on the same committee are Oluyemisi Lowo Adesola and Chimaobi Madukwe.
Shareholders additionally approved the remuneration of the company's managers and the remuneration of Non-Executive Directors for the 2026 financial year. The filing was signed by Company Secretary Oluseye Alayande.
