First HoldCo Shareholders Approve ₦1.60 Dividend, Re-elect Directors at 2025 AGM

First HoldCo Plc has received strong shareholder backing at its 2025 Annual General Meeting (AGM), with key resolutions passed including the declaration of a ₦1.60 per share dividend, the reappointment of board directors, and the authorisation of external auditors.

At the AGM held in Lagos, shareholders approved the proposed dividend, reflecting the group’s strong 2024 financial performance. The dividend payout, which is subject to withholding tax, reaffirms the company’s focus on delivering shareholder value.

Board stability was also reinforced as shareholders unanimously re-elected key directors, including Mrs. Oluwande Muoyo and Mr. Ebenezer Olufowose. Their reappointment was seen as a vote of confidence in the strategic direction and governance of the holding company.

In addition, shareholders authorised the directors to fix the remuneration of newly appointed auditors, Deloitte & Touche, following the resignation of KPMG Professional Services. This change marks a new chapter in the company’s financial reporting oversight.

Other resolutions passed include the approval of directors’ fees and the granting of authority to the Board to raise additional capital should the need arise, underscoring First HoldCo’s readiness for future growth and strategic investments.