Lafarge Africa AGM: ₦6 Dividend Declared, Name Change Approved
Lafarge Africa Plc filed the resolutions passed at its 67th Annual General Meeting held on 30th April 2026 at the Civic Centre, Victoria Island, Lagos. The filing covers dividend declaration, director elections, auditor remuneration, and a special resolution to change the company's name to HBM Nigeria Plc.
At its 67th Annual General Meeting held on 30th April 2026, Lafarge Africa Plc passed a series of ordinary and special resolutions, which were filed with the Nigerian Exchange on 5th May 2026.
Shareholders approved a final dividend of ₦6.00 per ordinary share for the year ended 31st December 2025, amounting to a total payout of ₦96,646,774,326, subject to applicable taxes.
On board composition, shareholders ratified the appointments of five new directors: Mr. Xuanqian Wang as Executive Director, and Mr. Gang Xu, Mr. Qian Chen, Mr. Jiajun Wang, and Mr. Lin Zhang as Non-Executive Directors. Three existing directors — Mr. Gbenga Oyebode, Mrs. Oyinkansade Adewale, and Mrs. Olusola Oworu — were re-elected.
Under special business, Non-Executive Directors' remuneration for the year ending 31st December 2026 was fixed at ₦146,403,431. Shareholders also granted a general mandate for related-party transactions under NGX Issuers Rule 20.8.
A significant special resolution approved the change of the company's name from Lafarge Africa Plc to HBM Nigeria Plc, with the Board authorised to take all steps necessary to effect the change, including amendments to the Memorandum and Articles of Association.
