eTranzact International Plc has appointed five new directors following a change in its majority ownership construction.
The firm disclosed this in an announcement issued on Tuesday, following the switch of 5.17 billion odd shares, representing 56.18 per cent of its issued shares, to Trademarks Global Concepts Ltd.
The shares have been transferred by Access Bank Plc, Meristem Trustees Ltd., performing as trustee for Accelerex Holdings, and eTranzact Global Ltd.
The firm mentioned the transaction resulted within the resignation of five directors, comprising three Non-Executive Directors and two Independent Non-Executive Directors.
The outgoing directors are Chuma Ajene, Benjamin Dabra, Afolabi Oladele, Binta Max-Gbinije and Emeka Onwuamaegbu.
The new appointees are Akinwunmi Akinfemiwa, Olatunde Akande and Doron Grupper as Non-Executive Directors, whereas Omobola Hollist and Mustapha Ajenifuja have been appointed Independent Non-Executive Directors.
According to the corporate, the brand new directors convey expertise in company management, banking, growth finance, governance, authorized advisory, infrastructure, vitality, funding administration and enterprise transformation.
It mentioned the appointments have been anticipated to strengthen the board’s strategic oversight and assist the corporate’s long-term goals.
The firm added that it had obtained approval from the Central Bank of Nigeria for the appointments and was updating its information with the Corporate Affairs Commission.
ALSO READ: Why nearly half of Nigeria’s listed companies paid no dividends in three years
The ownership transition follows adjustments within the firm’s shareholding construction, with Trademarks Global Concepts Ltd. rising as its majority shareholder.
eTranzact gives digital cost processing companies and operates in Nigeria’s digital funds business.
The firm mentioned it remained dedicated to robust company governance, operational excellence and sustainable worth creation for shareholders and different stakeholders.
(NAN)
Discover extra from Premium Times Nigeria
Subscribe to get the most recent posts despatched to your e mail.
