GTCO Shareholders Endorse N3 per Share Dividend Payment | By: Adebayo Akinkunmi

GTCO Shareholders Endorse N3 per Share Dividend Payment

…applaud Holdco transition and approve new board membership

Shareholders of Warranty Belief Holding Firm (GTCO) Plc have unanimously endorsed the cost of a complete dividend of N3 per share for the monetary 12 months ended December 31, 2021.

(L-R) Mr. Adebanji Adeniyi, Government Director; Mr. Segun Agbaje, Group Chief Government; Mr. Hezekiah Oyinlola, Chairman; Mrs. Catherine Echeozo, Non-Government Director and Mr. Erhi Obebeduo, Group Firm Secretary and Basic Counsel, all of Warranty Belief Holding Firm PLC on the 1st Annual Basic Assembly of the Firm in Lagos

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This endorsement was made on the holding firm’s 1st Annual Basic Assembly (AGM) held in Lagos. The Group had proposed a last dividend of N2.70 per unit of strange share held by shareholders along with the interim dividend of 30 kobo interim dividend paid in June, bringing the entire dividend for the 2021 monetary 12 months to N3.00 per unit of strange share.

Shareholders counseled the board for the transition right into a holding firm and the monetary efficiency achieved throughout the interval beneath overview regardless of the working surroundings and in addition unanimously gave their approval the appointments of the brand new board membership.

Talking on behalf of shareholders, the patron, Nigeria Shareholders Solidarity Affiliation (NSSA), Timothy Adesiyan, appreciated the progress that the financial institution has made in its transition to a holding firm.

He stated that the shareholders have nice expectations from the corporate and with the nice company governance precept with which the corporate is run, the longer term is vibrant.

The chairman of the Progressive Shareholders Affiliation of Nigeria, Boniface Okezie, counseled the Board of GTCO for being proactive in changing into a holding firm.

Talking to shareholders, the chairman of GTCO, Mr. Hezekiah Adesola Oyinlola said that 2021 was a pivotal 12 months in our company historical past. After years of revisioning and planning, we efficiently reorganized right into a holding firm to harness the potential inside our working surroundings and consolidate our place as a number one monetary providers supplier in Africa.”

He stated the corporate’s progress in its drive to diversify its revenue streams and guarantee long-term worth creation for all stakeholders.

Based on him, it’s a privilege to function the chairman of the Board of Warranty Belief Holding Firm and I’m aware of our enterprise surroundings and the various challenges to our profitability. Nevertheless, I’ve full confidence within the capacity of our management group to unlock new and thrilling alternatives that can unleash the potential of our diversification for long-term progress and sustainable returns.

“Once I have a look at the future-proofing of each a part of our organisation; from our expertise base to our enterprise fashions and digital capabilities, I’m reminded of simply how forward-thinking our administration group continues to be in our firm’s fixed push to be forward of the curve in creating modern monetary options, delivering service excellence and guaranteeing long-term worth creation.

On the outlook of the corporate, Oyinlola stated, “I’m excited by the potential of our new holding firm construction. I see the immense alternatives opened by our strategic investments in build up various strains of enterprise. The way forward for monetary providers belongs to the establishments that can seamlessly combine the total vary of cutting-edge options in a people-centric digitally enabled ecosystem.

The Group Chief Government Officer (GCEO) of GTCO, Mr. Segun Agbaje stated that the Firm began 2021 with its company reorganisation and completed the 12 months extra sturdy and dynamic to consolidate its lead throughout the ever-extending breadth of economic providers, saying that “Following the shareholders’ approval of our transition to a holding firm construction in December 2020, we labored with regulators, the broad spectrum of our stakeholders and among the most skilled advisory establishments on the earth, to make sure that now we have, not solely a clean transition but in addition the perfect individuals and the best constructions to drive our imaginative and prescient of changing into Africa’s main monetary providers teams.

He added that in July 2021, we accomplished the incorporation of Warranty Belief Holding Firm as our new mum or dad firm.

Accredited by shareholders as members of the GTCO board embrace, Mr. Hezekiah Oyinlola, Chairman; Mr. Segun Agbaje, GCEO; Mr. Suleiman Barau, Impartial Non-Government Director; Mrs Helen Lee Bouygues, Impartial Non-Government Director; Mrs. Catherine Echeozo, Non-Government Director and Mr. Adebanji Adeniyi, Government Director.

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On the outcomes efficiency, Agbaje stated 2021 outcomes present resilient efficiency throughout all monetary indices, reaffirming the Financial institution’s place as probably the greatest managed monetary establishments in Africa.

“The Group closed the 12 months 2021 with complete belongings of N5.436 trillion, up by 9.9 p.c from N4.945 trillion the total 12 months 2020 place.

“Throughout all its Banking Subsidiaries in West Africa, East Africa and the UK, the Group continues to take care of a diversified Steadiness Sheet.

“The Group closed 2021 with a revenue earlier than tax of N221.5 billion, that is regardless of the challenges and headwinds offered by the working and regulatory environments in 2021.”

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