Custodian Investment Plc has for the period ended December 31, 2024 proposed a final dividend of N1:10kobo for every share of 50kobo each, (bringing the total dividend for the financial year ended December 31, 2024 to N1:25kobo).

In the financial year ended December 31, 2024, Custodian Investment Plc reported gross revenue of N152.011billion as against N98.871 billion in 2023.

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Insurance service revenue rose to N96.227 billion from N65.189 billion in 2023. Profit before taxation (PBT) soared to N60.672 billion from N25.991billion in 2023 while profit from continuing operation rose to N53.543 billion from N19.677billion in 2023.

The dividend, subject to appropriate withholding tax and approval, will be paid to
shareholders whose names appear in the Register of Members as at the close of
business on April 14, 2025.

The Register of Members will be closed from Tuesday, April 15, 2025, to Thursday,
April 17, 2025 (both dates inclusive). Qualification date is April 14, 2025. Payment date is on May 2, 2025.

The dividend will be paid electronically to shareholders whose names appear on the Register of Members as at April 14, 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

According to the Register of Members, the following shareholders of the company held more than 5 percent of the issued share capital as at December 31, 2024.

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Gratitude Capital Limited holds 1,372,259,400 units, representing 23.33 percent, while Mikeade Investments Limited holds 924,907,141 units, representing 15.72 percent. No other individual shareholder held up to 5 percent of the company’s issued share capital as of December 31, 2024.

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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