The Nigerian Exchange Limited (NGX) has awarded Geregu Power Plc as the “Most Compliant Listed Company” for 2023 financial year.
NGX made the announcement at this year’s edition of “Made of Africa Awards”.
The award is a recognition for the power generating company’s adherence to corporate governance, ethics and regulatory standards.
According to the NGX, the award is given to “the listed company that demonstrates the highest level of adherence to The Exchange’s Issuers’ Rules, without incurring any penalties.”
Geregu Power outperformed competitors in the category, which included other sub-awards, such as Best Issuer for Fixed Income Listings, Most Compliant Trading License Holder, Broker of the Year and Listing of the Year.
The power plant has established a reputation for timely filings of unaudited/audited result and accounts to the investing public and has consistently been among the first companies to file periodic reports as well as corporate disclosures.
In this outgoing year, the company set the pace by publishing its 2023 audited accounts on January 30, weeks into the New Year.
It continued the trend with its first-quarter financials, released on April 9, just days after the quarter ended.
Since listed 2022, the company has been proactive in organising its Annual General Meetings (AGMs) on time, often ahead of other listed companies quoted on the NGX.
