Benin National Lottery prepares for strategic general meeting after stock exchange listing

The shareholders of the Loterie Nationale du Bénin S.A. (LNB S.A.) are scheduled to convene for a mixed general meeting—combining both extraordinary and ordinary sessions—on Monday, June 30. This key gathering comes shortly after the company’s high-profile debut on the stock exchange, marking a new chapter in its corporate journey.

The meeting will be held at 10:00 a.m. in the Blue Room of the Palais des Congrès in Cotonou and is expected to address several pivotal issues related to the governance and management of the company. On the agenda for the ordinary session are the approval of the financial statements for the previous fiscal year, the allocation of results, the ratification of the appointment of a new board member, and the election of four new directors.

The extraordinary session will focus on acknowledging the entry of new shareholders and amending the company’s bylaws accordingly, in line with its updated structure following the listing.

LNB S.A.’s move to go public signals a strategic shift toward broader capital access and enhanced transparency in its operations. This first shareholder meeting since the listing is seen as a critical moment for investors, who will help shape the company’s direction in this new era.

Shareholders are encouraged to take all necessary steps to attend the meeting in person or ensure representation in accordance with the provisions of the Uniform Act on Commercial Companies and Economic Interest Groups (GIE).

LNB S.A. made its debut on the Bourse Régionale des Valeurs Mobilières (BRVM) in 2024 with strong investor interest. The stock delivered an impressive 83% surge in value by the end of its first year on the market.