MobileMoney Fintech LTD will hold a virtual EGM on June 12 to approve a GH¢0.03 per share Q1 2026 dividend and ratify post-merger directors.
MobileMoney Fintech LTD is asking shareholders to approve a GH¢0.03 per share dividend for the first quarter of its 2026 financial year.
The proposal will be considered at an extraordinary general meeting, which is a shareholder meeting called outside the regular annual meeting to vote on specific decisions. The EGM is scheduled for June 12, 2026 at 11am GMT, and it will be held online.
The board said it resolved to recommend the Q1 dividend on April 27, 2026. If approved, it would be the first quarterly dividend paid under the merged entity, following the merger of MobileMoney LTD and the company on March 31, 2026.
Beyond the Q1 payout, shareholders will also be asked to authorise the board to declare and pay dividends for the second and third quarters of 2026. This is meant to give the board flexibility to make more regular dividend distributions without calling a new shareholder vote each time.
On governance, shareholders will vote to ratify the appointment of six directors who previously served on the MobileMoney LTD board. The appointments are subject to Bank of Ghana clearance.
Shareholders will also be asked to ratify Ernst & Young as external auditor and approve the auditor’s remuneration for the 2026 financial year.
Quarterly dividends are still relatively uncommon for many listed and regulated financial services firms in Ghana, especially after a merger. A confirmed dividend policy can signal management confidence, but it also commits the business to steady cash returns.
The board and auditor votes also matter because they set the governance baseline after the merger. For regulated fintech and payments businesses, board composition and central bank approvals can affect everything from licensing compliance to how fast a company can execute new products.
Finally, the fully virtual meeting and electronic voting, including USSD (a short code menu on any phone, like checking airtime balance), show how shareholder participation is moving online, even for formal corporate actions.
Primary Source: Graphic Online
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