Okomu Oil Palm Company Plc has officially notified the Nigerian Exchange Limited and the investing public of the outcome of its Board of Directors meeting held earlier on Monday.
The company disclosed that its Board reviewed performance for the 2025 financial year and approved the audited financial statements for the period ended December 31, 2025. This marks a key step toward full financial disclosure and shareholder engagement.
In addition, the Board proposed a final dividend, which will be presented to shareholders for consideration at the company’s Annual General Meeting scheduled for May 26, 2026. The dividend decision is expected to reflect the company’s financial performance and overall market conditions.
To maintain transparency and comply with regulatory standards, the company has also announced the commencement of a closed period. This restriction prevents directors and insiders from trading in the company’s shares until the financial results are publicly released.
According to the Company Secretary, Chukwuebuka Omerole, the approved audited financial statements will be made available to the public on or before March 30, 2026. He added that the closed period will remain in effect until 24 hours after the release of the results.
The closed period is a standard corporate governance practice designed to prevent insider trading and ensure fairness in the capital market. It reinforces investor confidence by safeguarding sensitive financial information ahead of public disclosure.
Shareholders and the wider investing public have been advised to monitor official communication channels for the release of the audited financial statements within the stated timeline.
