MobileMoney Fintech Ltd (MMFL) has called an Extraordinary General Meeting (EGM) for its shareholders. The meeting is scheduled for Friday, June 12, 2026. It will begin at 11:00 a.m. The entire meeting will be held online using the company's special platform.
A main topic for discussion is the proposed appointment of six new directors. These appointments need approval from the Bank of Ghana. The nominees include Mr Modupe Kadri and Mrs Bashirat Odunewu. Shareholders will also vote on a dividend payment. This dividend is proposed at GHS 0.03 per share. It covers the first quarter of 2026, ending March 31.
The EGM will also ask shareholders to give power to the directors. This power is to decide on and pay dividends for the second and third quarters of 2026. Shareholders will also vote to approve Ernst & Young (EY) as the company's independent auditor. The directors will also get authority to set the auditor's pay for the 2026 financial year. MMFL is a key player in Ghana's growing digital payments sector. This sector has seen rapid expansion in recent years.
The company explained how shareholders can join the virtual meeting. Access will be free for those using MTN's network in Ghana. Any shareholder who pays for data unexpectedly will be refunded. Those without smartphones can join by phone. They will use a special number and code. Shareholders have received unique token numbers. These tokens are needed for meeting access and voting.
Shareholders can attend or appoint a proxy to vote for them. Proxy forms must be submitted before the meeting. Voting will happen electronically or through a USSD code. Even without a proxy, shareholders can vote using their tokens. The Bank of Ghana's oversight is crucial for financial institutions. This ensures good governance and protects investor interests.
The proposed director appointments indicate MMFL is strengthening its leadership structure. This is a common step for companies seeking to grow or navigate complex regulatory environments. The dividend decisions reflect the company's financial performance and its commitment to shareholder returns. MMFL's activities are part of the broader growth in Ghana's mobile money and fintech industry. This industry is vital for financial inclusion.