Shareholders Approve N3 Dividend
By Tosin Olatokunbo
The Group Managing Director, GMD Guarantee Trust Holding Company, GTCO Plc Segun Agbaje has disclosed that the financial behemoth is truly on course of becoming Africa’s leading financial giant, one year after transiting to a holding company.
Agbaje made the assertion at the end of the first Annual General Meeting, AGM of the corporation, where the shareholders approved a total dividend payment of N3 per unit of ordinary share for the 2021 financial year.
“Following the shareholders’ approval of our transition to a holding company structure in December 2020, we worked with regulators, the broad spectrum of our stakeholders and some of the most experienced advisory institutions in the world, to ensure that we have, not only a smooth transition but also the best people and the right structures to drive our vision of becoming Africa’s leading financial services groups,” the GTCO chief executive said.
The shareholders endorsed the Group’s proposed final dividend of N2.70 per unit of ordinary share held by shareholders in addition to the interim dividend of 30 kobo interim dividend paid in June, bringing the total dividend for the 2021 financial year to N3.00 per unit of ordinary share.
Speaking on behalf of shareholders, the patron, Nigeria Shareholders Solidarity Association, NSSA, Timothy Adesiyan, noted that the holdo has made serious progress since the transition one year ago, despite the challenging business environment.
Hezekiah Adesola Oyinlola, GTCO Chairman said the corporation has consolidated its position as Africa’s financial leader. He said the company will continue to provide cutting-edge financial services to customers.
He said, “When I look at the future-proofing of every part of our organisation; from our talent base to our business models and digital capabilities, I am reminded of just how forward-thinking our management team continues to be in our company’s constant push to be ahead of the curve in creating innovative financial solutions, delivering service excellence and ensuring long-term value creation.
“I am excited by the potential of our new holding company structure. I see the immense opportunities opened by our strategic investments in building up diverse lines of business.
“The future of financial services belongs to the institutions that will seamlessly integrate the full range of cutting-edge solutions in a people-centric digitally enabled ecosystem.”
