NGX Group holds 65th AGM
Nigerian Exchange Group (NGX Group) Plc will hold its 65th annual general meeting (AGM) on Wednesday at its corporate head office, Customs Street, Lagos. According to the notice, shareholders will
Nigerian Exchange Group (NGX Group) Plc will hold its 65th annual general meeting (AGM) on Wednesday at its corporate head office, Customs Street, Lagos.
According to the notice, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, including Dr. Umaru Kwairanga, Mrs. Ojinika Olaghere, and Dr. Okechukwu Itanyi.
Other ordinary business items on the agenda include authorizing the board to fix the remuneration of the external auditors, determining the remuneration of Managers, and electing members of the Statutory Audit Committee.
As part of special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also included an increase in the company’s share capital from N1.102 billion to N1.470 billion to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
NGX Group stated that the AGM will be streamed live on its website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
