Nume Ekeghe
eTranzact International Plc has introduced adjustments to the composition of its Board of Directors following the completion of a shareholding transaction that resulted in a change within the firm’s majority possession construction.
In a notification to Nigerian Exchange Limited (NGX) and the investing public, the corporate disclosed that Access Bank Plc, Meristem Trustees Limited, as Trustee for Accelerex Holdings, and eTranzact Global Limited transferred an combination of 5,168,921,170 peculiar shares, representing 56.18 per cent of the corporate’s issued peculiar shares, to Trademarks Global Concepts Limited.
Following the completion of the transaction, administrators representing the exiting shareholders resigned from the Board, alongside two Independent Non-Executive Directors.
The firm has appointed 5 new administrators, together with nominees of Trademarks Global Concepts Limited and two Independent Non-Executive Directors, to carry further expertise and experience to the Board.
The outgoing administrators are Chuma Ajene, Benjamin Dabra and Afolabi Oladele, all Non-Executive Directors; Binta Max-Gbinije, Independent Non-Executive Director; and Maj Gen Emeka Onwuamaegbu (rtd.), Independent Non-Executive Director.
The Board expressed appreciation to the outgoing administrators for his or her service, contributions and dedication to the expansion and improvement of the corporate throughout their tenure.
The newly appointed administrators are Akinwunmi (Akin) Akinfemiwa, Olatunde Akande and Doron Grupper as Non-Executive Directors, whereas Omobola Hollist and Mustapha Ajenifuja had been appointed Independent Non-Executive Directors.
According to the corporate, the brand new appointees collectively carry vital expertise throughout company management, banking, improvement finance, governance, authorized advisory, infrastructure, power, funding administration and enterprise transformation.
Their appointments are anticipated to strengthen the Board’s capability to supply strategic oversight and assist the corporate’s long-term targets.
eTranzact disclosed that it had obtained the approval of the Central Bank of Nigeria (CBN) for the appointments and was updating its information with the Corporate Affairs Commission (CAC) in step with relevant regulatory necessities.
The firm reaffirmed its dedication to robust company governance, operational excellence and sustainable worth creation for shareholders and different stakeholders.
It added that it might proceed to advance its strategic priorities whereas strengthening its place inside Nigeria’s evolving digital funds ecosystem.
The announcement was issued for the knowledge of NGX, shareholders, stakeholders and the investing public.
