Nigerian Exchange Group is set to convene its 65th Annual General Meeting (AGM) on Wednesday at its corporate headquarters on Customs Street in Lagos, with key decisions on dividends, board composition, and capital restructuring on the agenda.
According to the official notice, shareholders will review the company’s audited financial statements for the year ended December 31, 2025. They will also consider reports presented by the board of directors, auditors, audit committee, and board evaluation consultants.
A major highlight of the meeting will be deliberations on the declaration of a final dividend, alongside the re-election of three non-executive directors—Umaru Kwairanga, Ojinika Olaghere, and Okechukwu Itanyi—who are retiring by rotation.
Shareholders will also vote on routine matters, including authorizing the board to fix the remuneration of external auditors, determining managers’ compensation, and electing members of the statutory audit committee.
In addition, the AGM will address special business proposals, notably a bonus share plan offering one new ordinary share for every three existing shares held as of April 10, 2026, pending regulatory approval.
To support the proposed bonus issue, NGX Group is seeking approval to increase its share capital from N1.102 billion to N1.470 billion, alongside amendments to its Memorandum of Association to reflect the new capital structure.
The company added that the AGM will be streamed live عبر its website and social media platforms, allowing broader participation from shareholders and stakeholders unable to attend in person.
