Academy Press Plc has announced that its 61st Annual General Meeting (AGM) will take place on Thursday, 23rd October 2025, at the company’s registered office in Ilupeju, Lagos.
Agenda Highlights
At the AGM, shareholders will review:
The Report of the Directors, financial statements for the year ended March 31, 2025, and reports of the Auditors and Audit Committee.
A proposed dividend of 15 kobo per share, payable on 30th October 2025 to shareholders on the register as of 16th October 2025.
The re-election of Chief Oyewole Olaoye and Mr. David Pritchard as Directors.
The appointment of Hajia (Dr.) Fatima L. Hassan Betara as a Non-Executive Director.
Approval of the remuneration of Auditors, Managers, and Non-Executive Directors.
Election of members to the Statutory Audit Committee.
Special Business
Three major strategic items will also be considered:
Approval of a share capital increase to strengthen the company’s balance sheet and support future growth.
Declaration of a bonus issue, rewarding existing shareholders with additional shares.
Approval of Non-Executive Directors’ remuneration.
Additional Notes
Shareholders who cannot attend in person may vote via proxy.
The company will cover the stamping cost of proxy forms.
The AGM will be recorded and broadcast online to enable wider participation.
The Register of Members and Transfer Books will be closed from 17th to 23rd October 2025 for updates.
Shareholders are encouraged to complete e-dividend forms to receive payments electronically.
Analytical View – What It Means for Investors
The proposed 15 kobo dividend signals management’s confidence in the company’s financial stability, while the bonus issue and capital raise point to an ambitious expansion plan. These moves could boost investor confidence and liquidity in the stock on the Nigerian Exchange (NGX).
Short-term impact: Dividend and bonus announcements are likely to attract speculative interest, potentially lifting the share price ahead of the AGM.
Medium-term impact: If the capital raise is executed successfully, Academy Press could strengthen its working capital and fund strategic projects, supporting sustainable growth.
Risks: Dilution concerns from the capital raise and rising operating costs in the publishing sector may limit upside momentum if not well managed.
Bottom Line
The 61st AGM of Academy Press Plc offers both immediate shareholder rewards (dividend + bonus issue) and a strategic growth pathway (capital raise). Investors will be watching closely how management balances shareholder returns with its expansion drive.
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