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Zenith Bank Shareholders Approve Holdco Structure Transition

Zenith Bank EGM

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By Aduragbemi Omiyale The plan by Zenith Bank Plc to transition into a holding company, Zenith Bank Holding Company Plc, was on Friday, April 26, 2024, approved by shareholders at a court-ordered Extraordinary General Meeting (EGM) in Lagos. The shareholders also authorised the board to delist the shares of Zenith Bank and the Existing GDRs from the Nigerian Exchange (NGX) Limited and the London Stock Exchange (LSE), respectively, as well as re-register the bank as a private limited company under CAMA Act 2020. In addition, they approved that all of the shares held by the nominees of the bank in Zenpay Limited, a direct

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