Jumia Technologies AG's Annual General Meeting on June 19, 2025, saw shareholders ratify the acts of the Management Board and Supervisory Board for the financial year 2024. However, two key proposals were denied.
Shareholders rejected the resolution to decrease the size of the Supervisory Board, with 59.18% of votes against the proposal. They also denied the resolution on the cancellation of existing Authorized Capital 2024/I and the creation of new authorized capital with the exclusion of subscription rights, with 42.12% of votes against.
The denial of these proposals indicates shareholder pushback on certain corporate governance and financing flexibility initiatives. This outcome impacts the company's ability to alter its board structure and raise capital through equity issuance with excluded subscription rights in the near term.
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