Chemical and Allied Products CAP AGM Dividend 2026

Chemical and Allied Products PLC (CAP) held its 61st Annual General Meeting on June 24, 2026, at Festival Hotel, Diamond Estate, Amuwo Odofin, Lagos, covering the financial year ended December 31, 2025.

Shareholders approved a dividend of ₦4.00 per ordinary share of 50 kobo each, payable to shareholders whose names appeared on the Register of Members as of June 3, 2026, subject to applicable withholding tax.

On board matters, Dr. Oladele Ajayi, appointed since the last AGM, was re-elected as a director. Mrs. Udo Okonjo and Mr. Adebolanle Badejo, both retiring by rotation and eligible, were also re-elected to the board.

The Board of Directors received authorisation to fix the remuneration of the company's external auditors for the 2026 financial year. Three new members — Prince Bassey Manfred, Mrs. Samiat Odunuga, and Mr. Anthony Kanayo Katchy — were elected to the Statutory Audit Committee, joining board representatives Mrs. Udo Okonjo and Mrs. Muhibat Abbas until the next AGM.

Shareholders additionally granted the directors a general mandate to enter into recurrent related party transactions until reviewed at a future Annual General Meeting. The remuneration of non-executive directors was fixed on a rolling basis pending review at a general meeting.