Infinity Trust Mortgage Bank AGM: Dividend and Bonus Issue Approved

Infinity Trust Mortgage Bank Plc (INFINITY) disclosed resolutions passed at its 20th Annual General Meeting held virtually on Thursday, May 21, 2026. Shareholders approved a dividend of 35 kobo per ordinary share for the 2025 financial year, totalling ₦1,459,656,002.

The meeting also approved a 1-for-1 bonus issue, meaning one new ordinary share will be allotted for every existing ordinary share of 50 kobo each held by members on the register as at April 17, 2026. The bonus shares will be credited as fully paid and will rank pari passu with existing shares.

To accommodate the bonus issue, shareholders authorised an increase in the company's share capital from ₦2,085,222,860 to ₦4,170,445,720. On governance matters, shareholders ratified the appointment of Mr. Obasegun Adetokunbo Oni as a Non-Executive Director and re-elected three other Non-Executive Directors: Dr. Olabanjo Johnson Obaleye, Engr. Eniola Chukwuebuka Bibilari, and Alh. Abubakar Muhammad.

Five members were also elected or nominated to the Statutory Audit Committee. The share capital increase and bonus issue remain subject to approval by relevant regulatory authorities.