Transcorp Power Plc AGM: ₦5.50k Dividend Approved for 2025
Transcorp Power Plc held its 13th Annual General Meeting on April 27, 2026, at Transcorp Hilton Abuja, where shareholders approved a range of ordinary and special business resolutions. The filing discloses dividend approvals, board re-elections, director remuneration, and a broad investment mandate granted to the Board.
At its 13th Annual General Meeting held on April 27, 2026, in Abuja, Transcorp Power Plc shareholders approved a final dividend of ₦4.00 per ordinary share for the year ended December 31, 2025. Combined with an interim dividend of ₦1.50 per share paid on August 18, 2025, the total dividend for the 2025 financial year stands at ₦5.50 per ordinary share.
Shareholders also re-elected Engr. Charles Odita and Ms. Faith Tuedor-Matthews, OFR as Non-Executive Directors, and constituted a five-member Statutory Audit Committee comprising two board representatives and three shareholder representatives.
Under special business, the AGM approved a cumulative Non-Executive Director remuneration cap of ₦325,000,000 for the year ending December 31, 2026. Shareholders further authorised the Board to invest in, acquire, or divest from any business, and to undertake restructuring, reorganisation, or other business arrangements as deemed appropriate, subject to relevant laws and regulatory approvals where necessary. A General Mandate was also approved permitting the company to enter recurrent related-party transactions for revenue or trading purposes until the next AGM.
