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 peculiar shares, representing 56.18 per cent of its issued shares, to Trademarks Global Concepts Ltd.
The shares had 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 had been appointed Independent Non-Executive Directors.
According to the corporate, the brand new directors carry expertise in company management, banking, improvement finance, governance, authorized advisory, infrastructure, power, funding administration and enterprise transformation.
It mentioned the appointments had been anticipated to strengthen the board’s strategic oversight and assist the corporate’s long-term targets.
The firm added that it had obtained approval from the Central Bank of Nigeria for the appointments and was updating its data with the Corporate Affairs Commission.
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The ownership transition follows modifications within the firm’s shareholding construction, with Trademarks Global Concepts Ltd. rising as its majority shareholder.
eTranzact gives digital fee processing providers and operates in Nigeria’s digital funds business.
The firm mentioned it remained dedicated to sturdy company governance, operational excellence and sustainable worth creation for shareholders and different stakeholders.
(NAN)
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