Rédaction Africa Links 24 with Kehinde Akinseinde-Jayeoba
Published on 2024-04-07 18:02:31
The Nigerian Exchange Group Plc (NGX Group) is gearing up for its 63rd Annual General Meeting scheduled for Wednesday, 29 April 2024. During this meeting, the Group will seek shareholders’ approval to raise up to N10bn through equity issuance. A public notice has been sent out to shareholders, as approved by the Board of Directors, inviting them to participate in the AGM at the Nigerian Exchange Group House located at 2-4 Custom Street, Marina, Lagos. The primary agenda of the meeting is to present the company’s audited financial statements, declare a final dividend, ratify the appointment of Mr. Temi Popoola as Group Managing Director/Chief Executive Officer, and re-elect retiring directors by rotation.
In addition to these key agenda items, the meeting will also cover special business matters such as considering remuneration for directors, raising up to N10bn through equity issuance, increasing the share capital, and approving a proposed dividend of N0.75 Kobo per every N0.50 Kobo ordinary share, totaling N1.5bn. Shareholders can expect to receive their dividends on Monday, 29 April 2024, pending approval.
The NGX Group had previously reported a profit after tax of N5.2bn and declared a dividend of N1.5bn based on its unaudited financial statements. This strong financial performance sets a positive tone for the upcoming AGM as shareholders convene to discuss and decide on crucial matters related to the company’s future.
The AGM serves as an important platform for shareholders to engage with the company’s management, voice their opinions, and make informed decisions on key issues that impact their investments. It also provides an opportunity for transparency and accountability within the organization, as shareholders have the chance to review and approve important financial decisions that shape the company’s direction and growth trajectory.
Furthermore, the appointment of Mr. Temi Popoola as the Group Managing Director/Chief Executive Officer is a significant development that will be confirmed at the AGM. Shareholders will have the opportunity to ratify this appointment and show their support for the leadership of the company.
Overall, the 63rd Annual General Meeting of the NGX Group promises to be a significant event where shareholders will play a crucial role in shaping the future of the company. With important agenda items, such as equity issuance, dividend declaration, and director appointments to be discussed and approved, shareholders are encouraged to actively participate in the meeting to ensure their voices are heard and their interests are represented.
Read the original article on Nigerian Tribune
