Aradel Holdings Schedules 31st Annual General Meeting for July 30, Proposes Final Dividend and Board Changes

Lagos, Nigeria – July 1, 2026 – Aradel Holdings Plc has announced that its 31st Annual General Meeting (AGM) will be held virtually on Thursday, July 30, 2026, with shareholders expected to consider several key resolutions, including the approval of a final dividend for the 2025 financial year, the re-election and ratification of directors, and the appointment of a new external auditor.

aradel

According to the notice issued by the company, the AGM will begin at 10:00 a.m. and will be conducted through a virtual platform, allowing shareholders to participate remotely and vote electronically or by proxy.

One of the major items on the agenda is the presentation of the company's audited financial statements for the year ended December 31, 2025, together with the reports of the Board of Directors, external auditors, and the Statutory Audit Committee.

Shareholders will also vote on the declaration of a final dividend recommended by the Board for the 2025 financial year. Investors whose names appear in the Register of Members at the close of business on July 9, 2026, and who have completed their dividend mandates, will receive their payments electronically if the dividend is approved during the meeting.

The Board has also proposed the re-election of Chairman Augustine Olorunsola, Chief Executive Officer Adegbite Falade, Chief Financial Officer Adegbola Adesina, and Non-Executive Director Kerin Gunter, all of whom are retiring by rotation and have offered themselves for re-election.

In addition, shareholders will be asked to ratify the appointments of Olusola Adeeyo, George Osahon, Mahmud Tukur, and Nnoli Akpedeye as directors. The company noted that two of the directors whose appointments are subject to ratification are above the age of 70, in line with disclosure requirements.

Another significant resolution before shareholders is the proposed appointment of KPMG Professional Services as the company's new independent external auditor, replacing the retiring audit firm, Deloitte & Touch. Directors are also seeking approval to determine the remuneration of the new auditors.

As part of its corporate governance agenda, Aradel Holdings will conduct elections for members of the Statutory Audit Committee and seek shareholder approval for severance benefits for retiring Non-Executive Directors. The proposed package includes annual fee-based severance payments and limited post-retirement medical insurance coverage for eligible directors.

To encourage wider participation, the company said shareholders with registered email addresses will receive electronic voting credentials before the meeting. Those whose email addresses are not yet registered have been advised to update their records with the company's registrars before the specified deadline.

The company also reminded shareholders with outstanding or unclaimed dividends to regularize their records and complete the electronic dividend mandate process to facilitate future payments directly into their bank accounts.

Shareholders have been encouraged to submit questions ahead of the AGM or raise them during the virtual meeting as part of the company's commitment to transparency and shareholder engagement.

The 31st Annual General Meeting is expected to address important governance, financial, and strategic matters as Aradel Holdings continues to strengthen its corporate structure and position for future growth.