Stanbic IBTC Holdings AGM: Dividend, New Director Approved
Stanbic IBTC Holdings PLC has filed a corporate actions notice disclosing 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 held its 14th Annual General Meeting on Monday, 25 May 2026 at Eko Hotel & Suites, Victoria Island, Lagos. Shareholders approved a final dividend of ₦4.00 (four hundred kobo) 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.
Shareholders re-elected three directors — Mrs. Sola David-Borha, Mr. Ballama Manu MFR, and Dr. Kunle Adedeji — retiring by rotation under Section 285 of CAMA 2020. The appointment of Mr. Chukwuma Nwokocha as a new director was also approved.
Messrs. Ernst & Young Nigeria were appointed as the company's external auditors until the conclusion of the next AGM, replacing the previous auditors. Directors' fees for the year ending 31 December 2026 were fixed at ₦804,525,000. Three shareholders — Mr. Samuel Ayininuola, Mr. Olatunji Bamidele, and Mr. Ibhade George — were re-elected to the Audit Committee. Shareholders also granted a general mandate for recurrent related party transactions, effective until the 2027 AGM.
