BUA AGM: ₦13 Dividend, Board Re-elections, and Growth Mandates

BUA Foods Plc held its Fourth Annual General Meeting (AGM) at the Transcorp Hilton Hotel, Abuja, where shareholders approved a ₦13.00 dividend per ordinary share of 50k for the financial year ended December 31, 2024. The meeting also saw the re-election of directors Kabiru Rabiu and Chimaobi Madukwe, and the appointment of shareholders to the Statutory Audit Committee.

In a notable disclosure, the company acknowledged that Director Finn Arnoldsen had attained the age of 70, in line with NGX listing requirements. Shareholders also approved the remuneration of managers and non-executive directors and granted a general mandate for related-party transactions.

The AGM reaffirmed BUA Foods’ commitment to transparency and shareholder value, with the board expressing optimism about future growth in the FMCG sector.