University Press Plc has announced the resolutions passed at its 47th Annual General Meeting (AGM), held on Wednesday, September 18, 2025, at Kakanfo Inn & Conference Centre, Ibadan.
Key Resolutions Passed
Financial Statements: Shareholders received and approved the company’s audited financial statements for the year ended March 31, 2025, along with the reports of the Directors, Auditors, and Audit Committee.
Dividend: A 15 kobo per share dividend was approved for the financial year, rewarding shareholders despite the tough publishing environment.
Board Elections:
Mr. Obafunso Ogunkeye and Prof. Tracie Chima Utoh-Ezeajugh were re-elected as Non-Executive Directors.
Mr. Ayuba Quadri Yemi, Mrs. Utere Inibong Obot, and Mr. Folowosele Michael Oludare were elected as shareholder representatives on the Statutory Audit Committee.
HRM Dr. Josephine A. Diete-Spiff and Prof. Tracie Chima Utoh-Ezeajugh will represent the Board on the Committee.
Auditors: The Directors were authorized to fix the remuneration of the company’s auditors in line with Section 408 of CAMA 2020.
Special Business: Shareholders approved the remuneration of Non-Executive Directors.
Investor Insight
For shareholders, the 15 kobo dividend provides steady income, reflecting management’s commitment to value creation even in a challenging market for print and publishing. The re-election and new appointments to the Board and Audit Committee ensure governance continuity. Investors may see the modest dividend as conservative, suggesting the company is balancing shareholder payouts with the need to preserve capital for operations and future growth.
