First Atlantic Bank to Hold First AGM as Listed Company on April 7

First Atlantic Bank PLC has announced that it will hold its 2026 Annual General Meeting (AGM) on Tuesday, April 7, 2026, marking the bank’s first shareholder meeting since listing on the Ghana Stock Exchange.

In a formal notice to shareholders, the bank said the meeting will take place in person at the Omanye Hall of Labadi Beach Hotel in Accra at 10:00 a.m.

The AGM will give shareholders the opportunity to review the bank’s performance for the 2025 financial year and take decisions on several key corporate and governance matters.

Key agenda items

At the meeting, shareholders will consider the Directors’ Report together with the bank’s audited financial statements for the year ended December 31, 2025, as well as the report of the external auditors.

The board will also present a proposal for the declaration of a final dividend for the 2025 financial year, subject to regulatory approval from the Bank of Ghana.

Another major item on the agenda is the appointment of four Independent Non Executive Directors to the board. Three of the appointments will replace retiring independent directors, while the fourth will expand the board to strengthen minority shareholder representation and ensure compliance with regulatory requirements. These appointments will also require approval from the Bank of Ghana.

Shareholders will further be asked to authorise the board to determine the remuneration of the bank’s external auditors for the 2026 financial year and to approve directors’ remuneration for the same period.

The notice announcing the meeting was issued by the Company Secretary, Mark Ofori Kwafo, on behalf of the board.

Voting and participation

Shareholders who are unable to attend the meeting in person may appoint a proxy to attend and vote on their behalf. The proxy does not need to be a shareholder of the bank.

Voting at the AGM will generally be conducted by a show of hands unless a poll is demanded in line with the company’s constitution and the Companies Act, 2019 (Act 992). Under a poll, each shareholder present in person or by proxy will be entitled to one vote for every share held.

All shareholders and proxies attending the meeting will be required to present valid identification for entry.

Proxy forms can be downloaded from the bank’s website and submitted to the registrar, Central Securities Depository (GH) Limited, by email, post, or by depositing them at the registrar’s office in Accra.

Completed proxy forms must be submitted no later than 10:00 a.m. GMT on March 31, 2026.

First AGM since stock market listing

The upcoming AGM comes months after First Atlantic Bank transitioned into a public company and successfully listed on the Ghana Stock Exchange.

Trading in the bank’s shares began on December 19, 2025, following an oversubscribed Initial Public Offering that offered about 101.7 million shares at GH¢7.30 each.

The public offer attracted strong participation from institutional and retail investors and raised approximately GH¢786 million, surpassing the bank’s initial fundraising target.

The listing was considered a significant milestone for Ghana’s capital market as it ended more than seven years without a new primary listing on the main board of the exchange.

According to the bank, funds raised from the public offering will be used to strengthen its capital base, support expansion across West Africa, and improve working capital while providing liquidity for existing shareholders.

With the listing completed, the April AGM will give shareholders their first formal opportunity to engage with the bank’s leadership as a publicly traded financial institution.