NGX Group set to hold 62nd annual general meeting

Nigerian Exchange Group Plc (NGX Group) is set to hold its 62nd Annual General Meeting (AGM) on Friday July 14, 2023.
The AGM, which is in accordance to the provisions of Section 235 of the Companies and Allied Matters Act (CAMA) 2020, will take place at the Event Centre, 20th floor, Nigerian Exchange Group House, 2/4 Customs Street, Lagos.

At the AGM, the management will present the Audited Financial Statements of Nigerian Exchange Group Plc for the year ended 31 December 2022 and the reports of the Board and the Auditors thereon.

In addition, shareholders will vote to re-elect Umaru Kwairanga, Ikechukwu Itanyi and Ojinika Olaghere, who are Non-Executive Directors retiring by rotation; as well as elect/re-elect members of the Statutory Audit Committee.

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The shareholders are also expected to authorise the Board to fix the remuneration of the external auditors.
Under the special business, shareholders will approve the appointment of the following persons as Directors of Nigerian Exchange Group Plc: Nonso Okpala (Non-Executive Director), Sehinde Adenagbe (Non-Executive Director), Ademola Babarinde (Non-Executive Director), Mosun Belo – Olusoga (Independent Non-Executive Director), Mohammed Garuba (Non-Executive Director) and Fatima Wali- Abdurraham (Independent Non-Executive Director).

Shareholders will consider and if thought fit, pass with or without any modifications as a special resolution, the amendment of Article 24 of the Company’s Articles of Association to read that: “The Board may increase the issued share capital of the Company and allot new shares of such amount as it considers expedient, provided that a prior approval to do so has been obtained from Shareholders at a General Meeting.”

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By Iheanyi Nwachukwu • July 10, 2023

Iheanyi Nwachukwu

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.