WorldStage– Energy company Oando PLC has officially issued a notice for its 47th Annual General Meeting (AGM), scheduled to take place virtually on September 17, 2026, at 10:00 a.m. West Africa Time.
Key highlights and key resolutions to be presented to shareholders include:
Proposed Amendments to Memorandum and Articles of Association
Virtual Meetings: The company is seeking approval to explicitly amend its Articles of Association (Article 50(a)) to allow general meetings to be held physically, virtually, or as hybrid sessions.
Digital Assets Integration: Oando proposes amending its Memorandum of Association to enable the company, either directly or via subsidiaries, to design, develop, acquire, manage, trade, and invest in digital assets and digital representations of value using distributed ledger and cryptographic technologies.
Cross-Border Listing Authorization
Shareholders will consider a special resolution authorizing the Board of Directors to approve and execute the listing of Oando’s shares on additional stock exchanges outside Nigeria, subject to requisite regulatory approvals.
Board Re-Elections and Governance
Four directors are standing for re-election: Mr. Ademola Akinrele, SAN; Mr. Omamofe Boyo; Mr. Ikeme Osakwe; and Mr. Adeola Ogunsemi.
A special notice was highlighted regarding Mr. Ikeme Osakwe, aged 72, who is presented for re-election pursuant to Section 282 of CAMA 2020 to maintain continuity, stability, and institutional knowledge during ongoing strategic transitions.
Financials, Audit, and Related-Party Transactions
The company will present its audited financial statements for the fiscal year ended December 31, 2025, alongside reports from the Directors, Auditors, and Audit Committee.
Resolutions will be considered to re-appoint BDO Professional Services as independent auditors, determine non-executive directors’ remuneration, elect members to the Statutory Audit Committee, and ratify general mandates for related-party transactions under commercial terms.
Logistics & Voting Guidelines
Closure of Register: The Register of Members and Transfer Books will be closed from August 27, 2026, to August 28, 2026, inclusive.
Proxy and Voting: All resolutions will be determined via poll, with electronic voting available on the meeting platform. Proxy forms must be submitted to First Registrars Nigeria Limited or Computershare Investor Services (South Africa) at least 48 hours prior to the meeting.
