By Damilare Adeleye
Regency Alliance Insurance Plc has announced plans to hold an Extraordinary General Meeting on Friday, May 8, 2026, to approve major amendments to its Articles of Association, including changes to share transfer rules and the timeline for its rights issue.
According to a notice signed by the company secretary, Anu Shobo, the meeting will be held at 9:00 a.m. at Sapphire Hall, the Zone Business Hub, Gbagada, Lagos.
Shareholders will be asked to pass four special resolutions, including an overhaul of the Articles of Association and a reduction of the rights issue timeline.
Specifically, the company seeks to abridge the offer period for its rights issue from 28 days to 10 days, subject to regulatory approval.
Additionally, Articles 28 to 31 regarding the transfer and transmission of shares will be replaced with a new Article 28, making shares freely transferable in accordance with the rules of the Nigerian Exchange Limited and the Central Securities Clearing System Plc.
The proposed amendments signal Regency Alliance’s move to align with current CAMA 2020 provisions and NGX listing rules.