Presco Plc shareholders approved a series of resolutions at the company’s Annual General Meeting held on 15 September 2026, including changes to the board, directors’ remuneration and the company’s 2025 dividend.
Three directors ; Olakanmi Rasheed Sarumi, Abdul Akhor Bello and Osayi Alile — were re-elected, while Ademola Adebise, Adewale Arikawe and Francois Van Hoydonck were elected to the board.
Shareholders also approved ₦349.02 million in remuneration for Non-Executive Directors for 2026, alongside ₦56.38 million in sitting allowances based on meeting attendance.
The meeting confirmed a ₦14.66 per share dividend from Presco’s 2025 profit, representing a total payout of ₦17.10 billion. The dividend was paid on 15 September, subject to applicable withholding tax.
KPMG was retained as the company’s auditor, while shareholders approved the composition of the Statutory Audit Committee and a general mandate covering qualifying recurring transactions with related parties.
The AGM provides investors with an update on Presco’s board structure, governance arrangements and shareholder returns for 2026. The completed dividend payment also marks the distribution of ₦17.10 billion from the company’s 2025 profit.
Presco’s earnings, cash generation and operating performance will be important indicators for investors assessing the company’s ability to sustain shareholder returns.
