Oando Plc Shareholders Endorse Management at AGM

At the 47th Annual General Meeting (AGM) of Oando Plc, shareholders expressed strong confidence in the company's management and strategic direction, approving all resolutions presented. Key resolutions included the re-election of directors Ademola Akinrele (SAN), Omamofe Boyo, Ikeme Osakwe, and Adeola Ogunsemi, as well as the re-appointment of BDO Professional Services as external auditors.

The AGM also saw the approval of amendments to the company's Memorandum and Articles of Association to allow for physical, electronic, and hybrid meetings, alongside provisions for digital assets and emerging technologies. Shareholders authorized the board to pursue listings on other stock exchanges, including cross-border listings.

Group Chief Executive Adewale Tinubu emphasized the importance of operational control and disciplined execution in the company's strategy. Shareholder Bisi Bakare praised the management's disciplined approach to portfolio development, particularly in mining and infrastructure.