NIGERIAN EXCHANGE : OFFICIAL RESPONSE TO RECENT MEDIA REPORTS – Marketscreener.com

RC. 2321
Lagos, 20 September 2022
Nigerian Exchange Group Plc (“NGX Group” or “Company”) (and its subsidiaries) is and remains committed to the highest level of corporate governance with the overriding interest of maximising value for its shareholders. While it is the Company’s practice to refrain from commenting on frivolous and malicious rumours, we believe it is in the interest of the investing public to correct the errors/misstatements in recent media reports following the release of the Company’s notice for its upcoming annual general meeting. Note that its Audited Financial Statements for the year ended 2021 were released in March 2022.
The material misstatements and the NGX Group’s responses are detailed as follows:
Nigerian Exchange Group House, 2/4, Customs Street | PO Box 2457, Marina, Lagos, Nigeria | T +234 1 4638333 5 | M +234 700 225 5673 | E contactcenter@ngxgroup.com
Board of Directors
Group Chairman: Otunba Abimbola Ogunbanjo | GMD/CEO: Mr Oscar N. Onyema, OON | Independent Non-ExecutiveDirectors: Mr. Apollos Ikpobe, Professor Enase Okonedo, Mrs.
Ojinika Olaghere, Dr. Okechukwu Itanyi | Non-ExecutiveDirectors: Mr. Oluwole Adeosun, Mr. Chidi Agbapu, Mr. Patrick Ajayi, Mrs. Fatimah Bintah Bello-Ismail, Dr. Umaru Kwairanga
Nigerian Exchange Group Plc.
www.ngxgroup.com
the fixed cap per employee and availability of the pool. The other half relates to deferred bonus under the Deferred Bonus Plan (DBP), which is earned when eligible employees meet set performance standards annually. Neither the DBP nor the ESPP are gifts to the employees. Both are multi-year plans.
NGX Group would therefore like to assure the investing public that it will continue to uphold the highest corporate governance standards, as it has historically done. We are extremely mindful of due process, our records are verifiable and we are on course with our long-term strategy execution.
This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule).
Statement on Investors’ Relations
Nigerian Exchange Group Plc has a dedicated investors’ portal on its corporate website which can
be accessed via this link: https://ngxgroup.com/investor-relations/The Company’s Investors’
Relations Department can also be reached through electronic mail at: ir@ngxgroup.com; or
telephone on: +234-1-4489363,+234-1-4489373 for any investment related enquiry.
MOJISOLA ADEOLA
GROUP COMPANY SECRETARY
Nigerian Exchange Group Plc.
www.ngxgroup.com
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Disclaimer
NGX – Nigerian Exchange Group plc published this content on 20 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2022 19:29:03 UTC.

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