Royal Exchange Plc AGM 2026: Key Resolutions Passed
Royal Exchange Plc held its 57th Annual General Meeting on April 30, 2026, via Zoom teleconferencing, where shareholders passed 12 resolutions covering board appointments, auditor reappointment, and director remuneration. The filing, published on May 5, 2026, documents all ordinary and special business transacted at the meeting.
Royal Exchange Plc (NGX: ROYALEX) convened its 57th Annual General Meeting on April 30, 2026, via Zoom teleconferencing. Shareholders received and adopted the Audited Financial Statements for the year ended December 31, 2025, along with reports from the Directors, External Auditor, and Audit Committee.
Five director appointments were ratified at the meeting: Mr. Ikeme Osakwe, Senator Sanusi Daggash, Mr. Afolabi Caxton-Martins, Ms. Pamela Yough, and Mr. Ezekiel Onilude. Kreston Pedabo Audit Services was reappointed as External Auditors for the financial year ending December 31, 2026, with the Board authorised to fix their remuneration.
Shareholders elected three members to the Statutory Audit Committee: Mr. Olawuyi Tajudeen, Bekunmi Akinsolu, and Prince Adekunle Olodun. Senator Sanusi Daggash and Mr. Ezekiel Onilude were nominated to represent the Board on the same committee.
Under special business, Non-Executive Directors' remuneration was fixed at ₦74,000,000 annually, effective January 1, 2026, and applicable for succeeding years until reviewed at a future AGM. This figure excludes sitting allowances, seasonal gifts, health insurance, and travel tickets.
