Financial services group NMBZ Holdings Limited has announced that it will hold its Annual General Meeting next month, with shareholders set to consider key governance resolutions, board appointments and a proposed share buyback programme.
According to the official notice, the AGM will take place at the company’s head office along Liberation Legacy Way in Harare on Wednesday, May 13, 2026.
The notice states that shareholders will meet “to receive and adopt the Financial Statements for the year ended 31 December 2025, together with the reports of the Directors and Auditors thereon,” marking one of the central items on the agenda.
Shareholders will also vote on several director-related matters, including confirmations and retirements by rotation in line with the company’s Articles of Association.
The company indicated that certain directors will offer themselves for re-election after retiring by rotation, while others appointed during the year will seek shareholder approval to continue serving on the board.
In addition, the meeting will consider the reappointment of auditors. The notice confirms that “KPMG be appointed as the Company’s Auditors until the next Annual General Meeting,” maintaining a relationship that has been in place since 2024.
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The company further noted that shareholders will approve directors’ fees and ratify audit remuneration for the 2025 financial year.
A significant item under special business is a proposed share repurchase plan, which would allow the company to acquire its own ordinary shares from the market.
The notice explains that shareholders are being asked to approve a resolution enabling the company to undertake market purchases, stating that “the maximum number of shares authorised to be acquired is no more than 10% of the Company’s ordinary issued share capital.”
The proposal also sets pricing safeguards, indicating that shares “shall not be lower than the nominal value or higher than 5% above the weighted average market price” recorded on the Zimbabwe Stock Exchange during the preceding trading days.
If approved, the authority will remain valid until the next AGM unless renewed earlier.
The company reminded shareholders of their participation rights, noting that “a member of the company entitled to attend and vote at this meeting is entitled to appoint a proxy to attend, speak and vote in his/her stead.”
Shareholders who have opted for electronic communication will receive the company’s 2025 Annual Report via email, while others can access the document through the company’s website or request printed copies.
The upcoming AGM comes as investors closely monitor governance decisions and capital management strategies across Zimbabwe’s listed financial institutions, particularly as companies seek to balance shareholder returns with growth and balance-sheet stability.
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