WorldStage– Energy group Oando PLC has officially secured shareholder approval to explore cross-border listings on foreign stock exchanges, expand its scope into digital assets, and update its meeting governance structures following its 47th Annual General Meeting (AGM) held on Thursday, September 17, 2026.
According to a corporate disclosure signed by Chief Compliance Officer & Company Secretary Mrs. Folasade Ibidapo-Obe and submitted to the Nigerian Exchange Limited (NGX), all ordinary and special resolutions presented to shareholders were approved.
Key Highlights from the AGM Resolutions:
Authorization for Cross-Border Listing: Shareholders granted the Board of Directors full authorization to approve and execute the listing of Oando’s shares on one or more foreign stock exchanges (cross-border listings) as deemed fit, including fulfilling all necessary regulatory requirements across target jurisdictions.
Expansion into Digital Assets & Emerging Technologies: Approval was granted to amend the Object Clause of the company’s Memorandum of Association. The new clause empowers Oando—directly or through subsidiaries—to design, acquire, finance, operate, and commercialize activities related to digital assets, cryptographic technologies, and distributed ledger technologies.
Adoption of Hybrid & Virtual Meeting Formats: Shareholders approved an amendment to the Articles of Association (insertion of Article 50a), formally enabling the board to hold future general meetings physically, virtually, or via hybrid arrangements, while safeguarding members’ rights to participate and vote.
Financial Statements & Auditor Re-appointment: The 2025 Audited Financial Statements were formally received by shareholders. Additionally, BDO Professional Services was re-appointed as the external auditor for the 2026 financial year, with the board authorized to determine their remuneration.
Board Governance & Re-elections: Retiring directors Mr. Ademola Akinrele, SAN, Mr. Omamofe Boyo, Mr. Ikeme Osakwe, and Mr. Adeola Ogunsemi were re-elected to the Board of Directors by rotation.
Statutory Audit Committee: Shareholders elected Dr. Anthony Omojola, Mr. Kolawole Kalejaiye, and Mrs. Rashidat Adeshina to serve as shareholder representatives on the Statutory Audit Committee alongside Board representatives Mr. Ikeme Osakwe and Mr. Ken Igbokwe.
Related-Party Mandate Renewal: In accordance with regulatory guidelines, a general mandate was renewed authorizing the company to engage in recurrent operational transactions with related parties on normal commercial terms, ratifying all prior transactions entered into in 2026 before the AGM.
