Legend Internet Plc (NGX: LEGENDINT) has notified the Nigerian Exchange Limited and the investing public that all proposed resolutions were passed at the company’s 2nd Annual General Meeting held on 7 November 2025 in Abuja.
Dividend Declaration: N120 Million Payout Approved
Shareholders declared a dividend of N120,000,000, equivalent to 6 kobo per share. The payout is subject to applicable withholding tax, will be payable on November 7, 2025, to all shareholders registered as of the close of business on October 29, 2025.
The Directors’ emoluments in respect of fees for the year ended 31 July 2025 were ratified and fixed at N2,000,000 for the year ending 31 July 2026.
A general mandate was granted authorising the Company to enter into recurrent related-party transactions necessary for day-to-day operations, including procurement of goods and services, on normal commercial terms in compliance with NGX Rules.
Shareholders approved the proposed acquisition of a licensed Telecommunications and Internet Service Provider operating in Nigeria and the proposed acquisition of a Microfinance Bank. The Company was also authorised to raise additional capital of up to N150,000,000,000 (One Hundred and Fifty Billion Naira).
The board also approved the increase in share capital by up to 10,000,000,000 ordinary shares of 50 kobo each, which will rank along with other existing shares.
The Articles of Association were amended to provide that the quorum for Board meetings shall be a simple majority.
Administrator and Writer
