UBA 64th AGM: Share Capital Amended, Directors Re-elected
United Bank for Africa Plc held its 64th Annual General Meeting virtually on May 25, 2026, with shareholders passing seven ordinary resolutions and two special resolutions. The filing discloses board re-elections, director remuneration figures, an audit committee composition, and an amendment to the company's authorised share capital.
At its 64th Annual General Meeting held virtually on May 25, 2026, shareholders of United Bank for Africa Plc passed a total of nine resolutions covering governance, remuneration, and structural matters.
Three Non-Executive Directors — Mrs. Caroline Anyanwu, Mr. Emmanuel N. Nnorom, and Mrs. Henrietta Ugboh — were re-elected following retirement by rotation. An Audit Committee for the 2026 financial year was constituted, comprising three shareholder representatives and two board members.
Director remuneration for the year ending December 31, 2026, was fixed at ₦100 million for the Chairman, ₦90 million for Board Committee Chairmen, and ₦75 million for other Non-Executive Directors, effective January 1, 2026.
In a notable special resolution, shareholders approved an amendment to the company's Memorandum and Articles of Association to reflect a revised authorised share capital of ₦22,098,087,652.50 divided into 44,196,175,305 ordinary shares of 50 kobo each, replacing the previous figure of ₦22,500,000,000.00 divided into 45,000,000,000 ordinary shares.
A general mandate was also granted for recurrent related-party transactions, valid until the next Annual General Meeting.
