WorldStage– Consumer goods giant PZ Cussons Nigeria Plc has officially announced its 78th Annual General Meeting (AGM), scheduled to hold at The Ballroom, Fraser Suites, Federal Capital Territory, Abuja, on October 28, 2026, at 11:00 am.
Key Highlights & Agenda
Dividend Declaration: The Board of Directors has recommended a final dividend of ₦9,926,192,613 (representing ₦2.50 per 50 Kobo ordinary share) for the financial year ended May 31, 2026. If approved, the dividend will be paid on October 30, 2026, to qualifying shareholders on the register as of October 9, 2026.
Scrip Dividend Option: Shareholders will be given the option to elect to receive new fully paid ordinary shares in lieu of a cash dividend. The election deadline for shareholders choosing new shares over cash is October 23, 2026.
Pricing Methodology: The conversion price for the new shares will be determined using a 10-day Simple Moving Average Closing Price on the Nigerian Exchange (NGX), calculated from October 12, 2026.
Board Appointments & Re-elections: Shareholders will vote to ratify the appointments of Oghale Elueni (MD/CEO) and Oludare Ebenezer Elusakin (CFO) as directors. Directors up for re-election include Oluwatoyin Odutayo and Mallam Ballama Manu.
Closure of Register: The company’s register of members will be closed from October 12 to October 16, 2026 (both dates inclusive) to prepare for the meeting.
Special Business & Corporate Governance
Among special business items, the company seeks shareholder approval to amend its Articles of Association to formally introduce Articles 122–126 governing the Scrip Dividend Arrangement. Additionally, the Board is seeking approval for a general mandate to engage in related-party operational transactions for the 2027 financial year, as well as approval for Director remuneration structures for FY2027.
The meeting will also be streamed live online to allow remote access for shareholders.
