First HoldCo Plc has approved a total dividend payment of N25.13bn for the financial year ending December 31, 2024, at its 13th Annual General Meeting.
According to a recent filing with the Nigerian Exchange Limited, the dividend translates to N0.60 per 50 kobo ordinary share of the company, subject to withholding tax.
The company’s secretary, Adewale Arogundade, stated that the meeting also approved the audited accounts for the year 2024, alongside reports from the directors, auditors, board appraisers, and audit committee.
The meeting further resolved that “the remuneration and expenses of the company’s auditor, Messrs. KPMG Professional Services, be fixed by the directors in respect of the period ending at the end of the next Annual General Meeting.”
In addition, the remuneration of the company’s managers was disclosed and approved.
The AGM also confirmed the appointment of new members to its statutory audit committee, including Hauwa Umar, Mathew Akinlade, Christopher Ogba, Peter Aliogo, and Julius Omodayo-Owotuga.
The PUNCH reported that First HoldCo Plc has posted a 106 per cent increase in gross earnings for the financial year ended December 31, 2024, amounting to N3.21tn, compared to N1.56tn recorded in 2023.
