By Damilare Adeleye
Shareholders of United Capital Plc have approved a final dividend of ₦12.6 billion for the 2025 financial year.
The approval was part of the corporate governance resolutions passed at the company’s Annual General Meeting (AGM) held last Friday in Abuja.
According to the resolutions, signed by the Group Company Secretary, Dr. Leo Okafor, investors will receive a final dividend of 70 kobo per share. This is payable to shareholders listed on the register as of April 7, 2026.
This payout is in addition to an interim dividend of 30 kobo, bringing the total dividend for the 2025 financial year to ₦1.00 per ordinary share.
The AGM also endorsed the audited financial statements for the year ended December 31, 2025, including the reports of the directors, auditors, and the audit committee.
In board-related decisions, shareholders approved the re-election of Mr. Uche Ike, Mr. Chiugo Ndubisi, and Mrs. Rose Nwankwo Eshiett as Non-Executive Directors.
They also authorized the board to fix the remuneration of the auditors for the 2026 financial year.
To further strengthen oversight structures, the meeting ratified the election and re-election of members of the Statutory Audit Committee, with representation drawn from both the board and the shareholders.
Additionally, shareholders approved ₦325 million as the cumulative remuneration for Non-Executive Directors for the 2026 financial year and took note of the disclosures relating to management remuneration contained in the company’s annual report.
In a move aimed at operational flexibility, the AGM granted a general mandate for the company to enter into recurrent related-party transactions, provided such dealings are conducted on normal commercial terms and are necessary for day-to-day operations. This mandate will remain in force until the next AGM.