WorldStage– Presco Plc has officially announced that its Annual General Meeting (AGM) will take place virtually on Tuesday, September 15, 2026, at 10:00 a.m. The announcement was conveyed in a notice signed by Company Secretary Frederick Ichekwai and issued on August 24, 2026.
Key Dividend and Financial Details
Proposed Dividend: The Board of Directors has proposed a final dividend of ₦14.66 per 50 Kobo Ordinary Share for the financial year ended December 31, 2025.
Payment Date: If approved by shareholders at the AGM, the dividend will be paid directly on September 15, 2026.
Qualification & Register Closure: Shareholders whose names appeared on the Register of Members as of Friday, August 7, 2026, qualify for the dividend payout. The register was closed from Monday, August 10, to Friday, August 14, 2026, to facilitate preparation.
Financial Performance Review: Shareholders will receive and review the Audited Financial Statements for the year ended December 31, 2025, alongside reports from the Directors, Independent Auditors, and Audit Committee.
Board and Governance Resolutions
Director Appointments: The meeting will seek to ratify the appointments of Mr. Ademola Adebise, Mr. Adewale Arikawe, and Mr. Francois Van-Hoydonck as Directors.
Director Re-elections: Retiring by rotation and standing for re-election are Mr. Rasheed Olakanmi Sarumi, Mr. Abdul Akhor Bello, Mrs. Iquo Ukoh, and Ms. Osayi Alile.
Non-Executive Remuneration: A special ordinary resolution will be presented to fix the remuneration for Non-Executive Directors at ₦614,580,000 for the year ending December 31, 2026.
Audit & General Mandate: Shareholders will vote to elect members of the Statutory Audit Committee and consider renewing the general mandate for recurrent related-party transactions essential for day-to-day operations under NGX rules.
Shareholder Participation & Access
Virtual Access: Pursuant to the Business Facilitation Act, the meeting will be held electronically. Access details and documentation are available on the company’s downloads page.
Proxy and Questions: Shareholders may appoint proxies to attend and vote on their behalf, with completed proxy forms due to First Registrars not later than 48 hours prior to the AGM. Written questions may be submitted to Investor Relations until September 14, 2026.
