Ahead of its Annual General Meeting (AGM) on May 15, 2026 in Lagos, the board of directors of Nigerian Aviation Handling Company Plc presents rewards for shareholders.
In a notice to investors, the company proposes a cash dividend of ₦6.25 per share.
It also proposes a 1-for-7 bonus share issue for approval at the AGM.
If shareholders approve the plan, they will receive one new share for every seven held.
This move reflects improved earnings and stronger financial performance.
Bonus Share Structure And Capital Increase
The company will create 278,437,500 new ordinary shares of 50 kobo each.
These shares will rank equally with existing shares.
Furthermore, the company requires shareholders to appear on the register as of May 1, 2026.
Read Also: FirstHoldCo Boosts Capital With ₦253Bn Raise, ₦1Tn Goal
A holder of 700 shares will therefore receive 100 additional shares.
NAHCO will also increase its share capital from ₦974.5 million to about ₦1.113 billion.
This step supports the bonus share structure.
In addition, the firm will transfer ₦139.2 million from retained earnings into share capital.
This action converts accumulated profits into equity for shareholders.
Earnings Performance And Market Outlook
The company will treat bonus shares as capital, not income.
They will rank equally with existing shares in all respects.
Consequently, shareholders can hold or trade the new shares on the Nigerian Exchange.
This gives them flexibility in how they realise value.
NAHCO reported earnings per share of ₦7.6 in 2025. This figure rises from ₦5.78 in the previous year.
Similarly, first-quarter 2026 earnings per share increased to ₦2.33. This compares with ₦2.22 in the same period of 2025.
Meanwhile, the share price closed at ₦203.9 recently. It has climbed about 55% in three months from ₦94.5.
As a result, investors are paying close attention to the AGM.
The meeting combines cash dividends and bonus shares, signalling confidence in NAHCO’s growth outlook.
