May & Baker Nigeria AGM 2026: Dividend and Key Resolutions
May & Baker Nigeria Plc has filed the resolutions passed at its 75th Annual General Meeting held on 4th June 2026 at the Muson Centre, Onikan, Lagos. The filing covers dividend approval, director re-elections, audit committee composition, and non-executive director remuneration for 2026.
May & Baker Nigeria Plc disclosed to the Nigerian Exchange Limited that shareholders at its 75th Annual General Meeting, held on 4th June 2026, passed a series of ordinary and special resolutions.
Shareholders unanimously approved a dividend of 50 kobo per share for the financial year ended 31st December 2025, amounting to a total payout of ₦862,617,443.00 before deduction of Withholding Tax.
The meeting also saw the re-election of Mr. Kolawole Olalekan Durojaiye and Mr. Michael Chineme Odumodu to the Board of Directors. Both individuals were additionally elected as Board representatives on the Statutory Audit Committee, joined by three shareholder representatives: Mrs. Christie O. Vincent-Uwalaka, Mr. Oladimeji Bolaji Adeleke, and Mr. Kolawole Kalejaiye.
Under special business, shareholders approved the remuneration of Non-Executive Directors for the year ending 31st December 2026, set at ₦1,500,000 per Non-Executive Director, with the Chairman receiving ₦1,800,000.
Directors were also authorised to fix the remuneration of the company's auditors. The filing was submitted by Marina Nominees Limited, secretaries to the company.
