By Damilare Adeleye
The shareholders of Nigerian brewing company, Champion Breweries Plc, have approved a dividend payout of 70 kobo per share for the 2025 financial year.
This was part of the resolutions passed at the company’s 50th Annual General Meeting held in Lagos on Thursday, May 21, 2026.
The company, in the resolutions presented at the meeting stated that, “a dividend of ₦0.70 per share be and is hereby declared as dividend for the financial year ended 31 December 2025 and is hereby payable forthwith to the shareholders whose names appear in the Register of Members as at close of business May 8, 2026.”
According to a statement signed by the Chairman, Imo-Abasi Jacob, and the Company Secretary/Legal Adviser, Tosan Atle Aliboni, the dividend payment is scheduled for Friday, May 22, 2026.
Shareholders also approved the re-election and appointment of directors to the board, including Mr. Eric Idiah, Mr. David Butler, Mr. Olufunmiyi Alabi, and Mr. Thompson Owoka.
The AGM further endorsed the appointment of Deloitte Touché Tohmatsu Limited as the company’s external auditors for the financial year ending December 31, 2026.
According to the resolution, “the Directors be and they are hereby authorized to fix the remuneration of the Independent Auditors for the year ending 31st December 2026.”
In another development, shareholders approved the election of members to the company’s Audit Committee. Those elected include Mr. Olatunde Olayemi, Mr. Adebayo Oluwafemi, Chief Peter Mgbeahuru, Mrs. Mary Atunyota Akpabome, and Mr. Thompson Owoka.
In addition, shareholders ratified the remuneration of non-executive directors for the 2026 financial year.
The company also secured shareholders’ approval to enter into recurrent related-party transactions necessary for its operations.
“The General Mandate be and is hereby given to the Company during the 2026 financial year and up to the date of the next Annual General Meeting, to enter into recurrent transactions with related parties for the Company’s day-to-day operations, including the procurement of goods and services, on normal commercial terms consistent with the Company’s Transfer Pricing Policy,” the statement partly read.
It added that “all transactions falling under this category which were earlier entered into in 2026 before the date of this meeting are hereby ratified.”