FMDQ OTC PLC Holds 3rd Annual General Meeting

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FMDQ OTC PLC Holds 3rd Annual General Meeting. The Board and Management of FMDQ OTC PLC (FMDQ) welcomed its Shareholders to the Company’s 3rd Annual General Meeting (AGM) which held at the Intercontinental Hotel, Lagos on April 30, 2015 at 11AM.

As part of the ordinary business of this AGM, the Shareholders received the Financial Statements of the securities exchange as at December 31, 2014, together with the Report of the Directors and Auditors. Further to this, the Shareholders appointed external Auditors to serve the Company, authorised the Directors to fix the Auditor’s remuneration and re-elected the members of the Audit Committee.

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Speaking at the AGM, the Chairman, Dr. (Mrs.) Sarah Alade, revealed that in 2014, the Company’s focus was primarily on achieving unprecedented transparency in the fixed income and currency markets, and following the approval of its Bond Listing and Quotation Rules, on consolidating the value-add services for listing on FMDQ’s platform. According to her, key growth priorities for 2015 includes market development and governance; and integration of clearing and settlement systems for straight-through-processing. By implementing these strategic initiatives, FMDQ is set to further improve price discovery and transparency, avail market participants top quality research information/data, foster continued integration of the markets, promote stakeholder education and sustain investor confidence.

Also, the Managing Director/Chief Executive Officer, Mr. Bola Onadele. Koko commended all stakeholders (shareholders, Members, regulators, issuers etc.) in the FMDQ markets for their unwavering support towards the growth and development of FMDQ in the year under review; and pledged a renewed commitment to delivering on the Company’s mandate of market development and governance towards making the Nigerian markets globally competitive.

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