UBA 64th AGM: Share Capital Change and Board Resolutions
United Bank for Africa Plc held its 64th Annual General Meeting virtually on May 25, 2026, where shareholders passed seven ordinary resolutions and two special resolutions. The filing discloses approved director remuneration, board re-elections, audit committee composition, and an amendment to the company's share capital figures.
At its 64th Annual General Meeting held virtually on May 25, 2026, United Bank for Africa Plc (UBA) shareholders passed a total of nine resolutions covering governance, remuneration, and structural matters.
On board composition, 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.
A special resolution amended the company's Memorandum and Articles of Association to reflect a revised share capital of ₦22,098,087,652.50 divided into 44,196,175,305 ordinary shares of 50 kobo each, replacing the previously stated ₦22,500,000,000 divided into 45,000,000,000 shares.
Shareholders also granted the company and its related entities a General Mandate for recurrent related-party transactions, valid until the next AGM.
