Post-Demutualisation: ASHON renews confidence in Nigerian Exchange Group

Post-Demutualisation: ASHON renews confidence in Nigerian Exchange GroupThe Association of Securities Dealing Houses of Nigeria (ASHON) has renewed confidence in the Nigerian Exchange Group (NGX Group) post-demutualisation.

The association also fixed September 9, 2021, for its 60th Annual General Meeting

The Chairman of ASHON, Chief Onyewenchukwu Ezeagu, in a statement made available to iBrandTV stated that as part of post-listing requirements for quoted companies on the capital market, NGX Group AGM was an avenue for shareholders to interact and appraise the company board and management.

He said that dealing member houses played pivotal roles during all the stages of demutualisation and promised to continue to support the market in all areas of development.

“At the first AGM of the NGX Group post-demutualisation exercise, as major stakeholders, we were involved in all the processes of demutualisation.

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“We are comfortable with the agenda of the meeting as we have been part of the whole process. The proposed resolutions have been made public in the course of the demutualisation process.

“The meeting will bring about renewed relationship between the NGX Group and its stakeholders,” Ezeagu said.

Ezeagu said that the NGX completed the demutualisation in March 2021,  to improve the market in the areas of technologies, human capital and processes with enhanced income generation and focus the exchange on its core mandate.

He said some of the resolutions at the meeting included long term incentives for staff, comparing deterred bonus plans and employees share purchase plans among others.

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