By InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) will Thursday June 23, 2016 hold its Fifty-Fifth Annual General Meeting (AGM) to consider and if thought fit to pass as a Special Resolution to commence the process leading up to the Demutualisation of The Exchange

The NSE says it will transact the following businesses:

ORDINARY BUSINESS

1. To present the Audited Financial Statements of The Exchange for the year ended 31 December 2015, and the Reports of the National Council and the Auditors thereon.
2. To re-elect the following as members of the National Council who are retiring by rotation:
3. i) Mr. Aigboje Aig-Imoukhuede, CON;
4. ii) Engr. Muhammad Daggash;

iii) Mr. Oluwole Abegunde (Representing Meristem Securities Limited);

1. iv) Mr. Oladipo Aina (Representing Signet Investment & Securities Ltd.)
2. To authorize members of the National Council to fix the remuneration of the Auditors.

SPECIAL BUSINESS 1.     To consider and if thought fit to pass as a Special Resolution:

1. “That the National Council and Management be and are hereby authorised to commence the process leading up to the Demutualisation of The Exchange.”
2. “That the National Council and Management be and are hereby authorized to do all such things and exercise all such powers as may be necessary or incidental for achieving the objective specified in I above, subject to applicable laws and regulations and obtaining the approvals of members and the relevant regulatory authorities”.