Nigerian Exchange Group Business Meeting Highlights

Jul 10, 2024

Nigerian Exchange Group Event Center - Business Meeting

Introduction

  • Speaker: Nigerian Exchange Group
  • Duration: 1.5 hours
  • Purpose: Safety briefing and event overview
  • Restrooms: Located to the right
  • Emergency Exits: Near lift lobby and behind the stage
  • Cell Phones: Silent mode

Nigerian Exchange Group Overview

  • Facts behind the figures ensure transparency and investor confidence in the company operations.
  • Attendees:
    • Access Holdings PLC
    • Several key executives including Mr. Roosevelt Toon (Managing Director, Access Bank PLC)

Key Note Speaker: Dr. Umaru Karanga

  • Status: Chairman of Nigerian Exchange Group
  • Focus: Achievements of Access Holdings - transformed from small bank to largest financial institution in Nigeria.
  • History:
    • Incorporated in 1989, took off in 2002
    • Strong governance and innovative processes led to growth
  • Future Outlook: Ongoing commitment to creating a world-class financial institution

Access Holdings PLC Overview

  • Attendees: Managing Director, Group Chief Financial Officer, Lead Issuer
  • Key Points:
    • Heavy focus on investor relations, transparency, and strategic growth
    • Regular dividends and capital appreciation benefits to shareholders.

Presentation by Chairman:

  • Speaker: IU Aim Mo
  • Key Points: Importance of the right offer and ongoing commitment to expansion
  • Strategy: Emphasizing the need for investors to recapture significant returns on investments

Presentation by Ijuw A Im

  • Highlight: Legacy and growth story of Access Holdings
  • Future goals:
    • Consolidation for future growth
    • Promises kept phase
    • Building a globally recognized financial institution from Africa

Financial Overview and Goals

  • Speaker: Mr. Roosevelt Toon
  • Key Points: Outlining capital and financial structure
  • Strategies: Continuous investment while ensuring shareholder returns
  • Milestones:
    • Achieved significant profit year over year
    • Projecting substantial growth especially post-investment phase

Q&A Session

  • Topics Addressed:
    • Share price concerns
    • Future dividend commitments
    • Assurance to shareholders
    • Emphasis on patient long-term investments

Closing Remarks

  • Key Points: Emphasis on ongoing growth and strategic investments
  • Digital Gateway: Facilitating easier investment processes via digital platforms

Noteworthy Mentions by the Audience:

  • Key Concerns: Assurances on dividends, share price, and investment transparency
  • Notable Names: Several past and present leaders and significant contributors recognized

Summary

  • Success Story: Access Holdings celebrated for its impressive growth
  • Future Prospects: Strong commitment to continuing transparency and growth
  • Call to Action: Encouragement for investors to participate in the right offer highlighting expected advantages.