WorldStage– Underwriting and financial services group AXA Mansard Insurance Plc has officially notified shareholders and the investing public that its 34th Annual General Meeting (AGM) will hold virtually on Friday, October 9, 2026, at 10:00 a.m.
According to the official regulatory notice submitted to the Nigerian Exchange Limited (NGX), the meeting will allow shareholders to consider standard annual governance matters alongside a major special resolution seeking to raise fresh capital to strengthen the company’s capital base.
Key Highlights from the AGM Notice:
Virtual Meeting Format: In line with Section 240(2) of CAMA 2020 (as amended by the Business Facilitation Act 2022), the 34th AGM will be conducted virtually via a designated online portal, with live-streaming available for accredited shareholders and stakeholders.
₦18.3 Billion Capital Raise: Shareholders will vote on a special resolution authorizing the company to raise additional capital of up to ₦18,300,000,000.00 (Eighteen Billion, Three Hundred Million Naira) by way of a Rights Issue of Ordinary Shares of ₦2.00 each to existing shareholders, subject to relevant regulatory approvals.
Share Capital Increase: The Board will seek authorization to increase the company’s issued share capital by the exact number of new ordinary shares created to accommodate the Rights Issue and any arising oversubscription.
Closure of Register: The company’s Register of Members will be closed on Tuesday, October 6, 2026, to allow the registrars, Datamax Registrars Limited, to prepare for the meeting.
Directors’ Remuneration & Re-elections: Shareholders will consider fixing Directors’ remuneration at ₦2,500,000 for the financial year ending December 31, 2026, and subsequent years. Additionally, retiring directors Mr. Kola Adesina, Mr. Gbola Akinola, and Mr. Tope Adeniyi will offer themselves for re-election.
Proxy & Statutory Disclosures: Shareholders entitled to vote may appoint proxies, provided duly completed and stamped proxy forms are deposited with Datamax Registrars Limited at least 48 hours prior to the meeting. Nominations for the Statutory Audit Committee must be submitted in writing at least 21 days before the AGM.
The formal disclosure directs shareholders to access the electronic version of the Annual Report and meeting credentials on the official AXA Mansard Corporate Portal or via Datamax Registrars 1 .
