Stanbic IBTC Holdings AGM Resolutions: Dividend & New Director
Stanbic IBTC Holdings PLC has filed the resolutions passed at its 14th Annual General Meeting held on 25 May 2026 in Lagos. The filing covers dividend approval, director changes, auditor appointment, and related party transaction mandates.
Stanbic IBTC Holdings PLC disclosed the outcomes of its 14th Annual General Meeting held on Monday, 25 May 2026, at Eko Hotel & Suites, Victoria Island, Lagos. Shareholders approved a final dividend of ₦4.00 per ordinary share of 50 kobo, payable on 26 May 2026 to shareholders on the register as at the close of business on 4 May 2026.
Three directors — Mrs. Sola David-Borha, Mr. Ballama Manu MFR, and Dr. Kunle Adedeji — were re-elected following retirement by rotation under Section 285 of CAMA 2020. Mr. Chukwuma Nwokocha was formally elected as a new Director of the Company.
Shareholders replaced the company's external auditors, appointing Messrs. Ernst & Young Nigeria to serve until the conclusion of the next AGM, with the Board authorised to fix their remuneration. Directors' fees for the year ending 31 December 2026 were fixed at ₦804,525,000.
Mr. Samuel Ayininuola, Mr. Olatunji Bamidele, and Mr. Ibhade George were re-elected as shareholder representatives on the Audit Committee. A general mandate was also granted for recurrent related party transactions, effective until the 2027 AGM.
