Nigerian Exchange Group Plc (NGX Group) is set to hold its 63rd Annual General Meeting on April 29, where it will seek shareholders› approval to raise up to N10 billion in the form of equity issuance.
In a public notice to shareholders, as approved by the Board of Directors, the Group will hold its AGM at NIgerian Exchange Group House, 2-4 Custom Street, Marina, Lagos to engage shareholders on critical issues and conduct some important business.
Top on the agenda is to present the company’s audited financial statements to shareholders, declare a final dividend, ratify the appointment of MrTemiPopoola as Group Managing Director/Chief Executive Officer and also re-elect retiring directors by rotation, among others.
Special business to be conducted include the consideration of remuneration for directors, the raising of up to N10 billion in the form of equity issuance, increasing the share capital and approval of the proposed dividend for the year to the tune of N0.75 Kobo per every N0.50 Kobo ordinary share or N1.5 billion in total. Shareholders are expected to receive their dividends on Monday, 29 April 2024 following approval.
NGX Group had previously declared N5.2 billion in profit after tax and dividend of N1.5 billion following the release of its unaudited financial statements.
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