OKOMUOIL: ₦15 Dividend Declared at 2026 AGM
Okomu Oil Palm Company Plc has filed the resolutions passed at its 46th Annual General Meeting held in Abuja on 26 May 2026. The filing covers dividend declaration, director elections, audit committee appointments, and approval of related party transaction mandates.
The Okomu Oil Palm Company Plc disclosed to the Nigerian Exchange Limited the resolutions passed at its 46th Annual General Meeting, held at Abuja Continental Hotel on 26 May 2026.
Shareholders approved a total dividend of ₦14,308,650,000, equivalent to ₦15 per share, subject to withholding tax at the applicable rate. The dividend was declared payable on 26 May 2026 to shareholders whose names appeared on the register of members as at the close of business on 27 April 2026.
On board composition, shareholders ratified the appointments of Ms. Amina Maina and Mr. Pierre Bois d'Enghien as Independent Non-Executive Directors, and Mr. Khalil Korim as Executive Finance Director. Mr. Gbenga Oyebode, Mr. Peter Eguasa, and Mr. Regis Helsmoortel were re-elected as Non-Executive Directors.
Three shareholders — Mr. Moses Igbrude, Rev. Andrew Imadu, and Mr. Victor Odeh — were elected to serve on the Statutory Audit Committee, alongside board representatives Mrs. Vivien Shobo and Mr. Regis Helsmoortel.
Non-Executive Directors' emoluments for the year ending 31 December 2026 were fixed at ₦569,727,407.60. Shareholders also granted a general mandate authorising recurrent related party transactions on normal commercial terms in compliance with NGX rules.
