C & I Leasing Plc has received overwhelming shareholder support for its growth strategy, as 442 shareholders representing 2.55 billion voting rights unanimously endorsed key resolutions at the company’s 34th Annual General Meeting (AGM) held on Monday, 8 September 2025.
Shareholders gave full approval for a final dividend of 10 kobo per 50 kobo share, doubling the 5 kobo declared in the previous year and reflecting a 100 per cent year-on-year increase.
The dividend, which remains subject to withholding tax and regulatory clearance, will be paid electronically to shareholders whose names appeared in the register of members as of 5 August 2025. Investors who have yet to complete their e-dividend registration have been advised to contact the company’s registrars, Cordros, to facilitate smooth processing.
In addition to the dividend declaration, shareholders approved the acquisition of a 71.15 per cent stake in Leasafric Logistics Ltd, a Ghanaian subsidiary of Leasafric Ghana Plc.
The acquisition of 711,500 ordinary shares will be funded from C & I Leasing’s portion of the 2023 dividend declared by Leasafric Ghana Plc. The transaction is expected to consolidate the company’s position in Ghana’s leasing and mobility industry while boosting its HR outsourcing, fleet management, and vehicle tracking operations.
Shareholders also gave authorisation for the company to raise up to N15 billion through a corporate bond issuance. The board explained that the funds would be channelled towards financing expansion plans and refinancing existing debt.
The bond plan follows C & I Leasing’s successful Series 5 commercial paper issuance in March, conducted under its N50 billion programme registered with FMDQ in 2022.
Industry analysts noted that the approvals reaffirm investor confidence in C & I Leasing’s growth outlook and its ongoing regional expansion strategy.