Jumia shareholders approve AGM proposals and board changes

Jumia Technologies AG reported the voting results of its annual general meeting held on May 15, 2026.

Rhea-AI Filing Summary

Jumia Technologies AG reported the voting results of its annual general meeting held on May 15, 2026. Shareholders ratified the acts of the Management and Supervisory Boards for the financial year 2025 and approved the 2025 compensation report and amended remuneration systems.

They elected several Supervisory Board members, approving candidates including Jonathan D. Klein, Anne Kembene Ooga Eriksson, Hassanein Hiridjee, Benjamin T. Faw and Dr. Akinwumi Ayodeji Adesina, while rejecting the election of Blaise Judja-Sato. Shareholders also approved amendments to enable electronic shares.

Further resolutions created and adjusted various authorized and conditional capital frameworks, including new authorized capital for a virtual participation program and for settling Supervisory Board remuneration claims, along with a new Conditional Capital 2026/I linked to potential convertible and similar instruments.

Insights

Corporate governance analyst

AGM backs all key proposals, adjusts capital tools and board.

Jumia Technologies AG shareholders largely supported management at the May 15, 2026 AGM. Ratification of Management and Supervisory Board actions and approval of the 2025 compensation report signal broad backing of existing governance and pay structures.

The meeting refreshed the Supervisory Board, approving most nominees while rejecting one candidate, Blaise Judja-Sato, despite similar turnout. Shareholders also approved amended remuneration systems and multiple capital authorizations, including for virtual participation and potential convertible instruments, giving the company several future financing and incentive tools.

These authorizations do not themselves issue new securities but establish frameworks that can be used later, subject to their terms. The impact for investors will depend on how and when the company uses these capacities, as future issuances could affect ownership structure and incentives.

Key Figures

Ratification of Management Board acts: 53,266,391 votes (99.38% YES) Ratification of Supervisory Board acts: 53,264,745 votes (99.37% YES) Auditor appointment approval: 53,302,932 votes (99.64% YES) +5 more

8 metrics

Ratification of Management Board acts 53,266,391 votes (99.38% YES) Agenda item 2, financial year 2025

Ratification of Supervisory Board acts 53,264,745 votes (99.37% YES) Agenda item 3, financial year 2025

Auditor appointment approval 53,302,932 votes (99.64% YES) Agenda item 4, auditor for 2025 statements and reviews

Management Board remuneration system 53,075,063 votes (87.92% YES) Agenda item 6, amended remuneration system

Rejection of Blaise Judja-Sato 53,258,691 votes (62.71% NO) Agenda item 8.3, Supervisory Board election

Electronic shares amendment 53,306,241 votes (98.66% YES) Agenda item 9, articles amendment for electronic shares

Virtual participation program capital 53,220,343 votes (98.08% YES) Agenda item 10, new authorized capital

Conditional Capital 2026/I 53,179,383 votes (98.60% YES) Agenda item 13, new authorization for convertibles etc.

Key Terms

authorized capital, subscription rights, electronic shares, virtual participation program, +2 more

6 terms

authorized capital financial

"Resolution on the creation of a new authorized capital to settle obligations under a new virtual participation program"

Authorized capital is the maximum value or number of shares a company is legally allowed to issue as set in its founding documents. For investors, it signals how much the company can expand ownership or raise money without changing those documents, which affects the risk of ownership being diluted and the company’s flexibility to fund growth—think of it like the number of seats allowed on a bus before you must buy a new one.

subscription rights financial

"with the exclusion of the subscription rights as well as on the corresponding amendment to the articles of association"

Subscription rights are short-term privileges given to existing shareholders to buy additional new shares before the general public, typically at a set price and in proportion to their current holdings. Think of it as getting a coupon for first dibs on extra slices of a pizza so your share of the pie doesn’t shrink; exercising them can be a cheaper way to maintain your ownership and voting power, while ignoring them can reduce your stake and potential future earnings.

electronic shares financial

"amendment of section 5(2) and section 5(3) sentence 1 of the articles of association of the Company to enable the issuance of electronic shares"

virtual participation program financial

"new authorized capital to settle obligations under a new virtual participation program with the exclusion of the subscription rights"

Conditional Capital 2026/I financial

"creating a new Conditional Capital 2026/I, as well as on the corresponding amendments to the articles of association"

convertible bonds financial

"authorization to issue convertible bonds, options, profit rights and/or profit bonds (or combinations of these instruments)"

A convertible bond is a loan a company issues that pays regular interest and can be exchanged for a fixed number of the company’s shares under specified terms. It matters to investors because it combines the steady income and lower downside risk of a bond with the upside potential of owning stock—like holding a ticket that can be cashed for equity if the share price rises—affecting returns, risk, and shareholder dilution.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Jumia Technologies (JMIA) announce in its May 2026 Form 6-K?

Jumia Technologies reported the voting results of its May 15, 2026 annual general meeting. Shareholders approved most management and board proposals, including ratifying 2025 board actions, electing Supervisory Board members, and updating capital and remuneration frameworks, with only one board candidate rejected.

Were Jumia Technologies AG’s Management and Supervisory Boards ratified for 2025?

Yes. Shareholders ratified the acts of both the Management Board and Supervisory Board for the 2025 financial year. Each resolution received over 99% YES votes of more than 53 million valid votes cast, reflecting strong shareholder support for the company’s governance during that period.

Which Supervisory Board candidates did Jumia Technologies shareholders approve in 2026?

Shareholders approved Jonathan D. Klein, Anne Kembene Ooga Eriksson, Hassanein Hiridjee, Benjamin T. Faw and Dr. Akinwumi Ayodeji Adesina. Each received around 98% or more YES votes, with valid votes cast per election around 53 million, confirming broad backing for these Supervisory Board appointments.

Which Jumia Technologies Supervisory Board candidate was rejected at the AGM?

The election of Blaise Judja-Sato was rejected. Out of 53,258,691 valid votes cast, 19,860,012 votes (37.29%) were in favor and 33,398,679 votes (62.71%) were against. This was the only Supervisory Board election proposal not approved at the May 15, 2026 meeting.

Did Jumia Technologies shareholders approve changes to capital authorizations in 2026?

Yes. Shareholders approved several capital-related resolutions, including new authorized capital for a virtual participation program, new authorized capital for Supervisory Board remuneration, and a new Conditional Capital 2026/I for potential convertible and similar instruments, all with approximately 98% YES votes of about 53 million valid votes cast.

Did Jumia Technologies AG approve issuing electronic shares at the 2026 AGM?

Yes. Shareholders approved an amendment to section 5(2) and section 5(3) sentence 1 of the articles of association to enable the issuance of electronic shares. The resolution received 52,590,032 YES votes, equal to 98.66% of 53,306,241 valid votes cast, and was marked approved.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/18/2026 - 03:10 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

May 18, 2026

Commission File Number: 001-38863

Jumia Technologies AG

(Translation of registrant’s name into English)

Skalitzer Straße 104

10997 Berlin, Germany

+49 (30) 398 20 34 54

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

On May 15, 2026, Jumia Technologies AG held its annual shareholders meeting. An English translation of the voting results is furnished as Exhibit 99.1 hereto.

1

EXHIBIT INDEX

Exhibit No.		Description of Exhibit
99.1		Voting results of Jumia Technologies AG’s annual shareholders meeting held on May 15, 2026.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Jumia Technologies AG
	By	/s/ Francis Dufay
	Name:	Francis Dufay
	Title:	Chief Executive Officer and Member of the Management Board
	Jumia Technologies AG
	By	/s/ Antoine Maillet-Mezeray
	Name:	Antoine Maillet-Mezeray
	Title:	Executive Vice President, Finance & Operations and Member of the Management Board

Date: May 18, 2026

3

Exhibit 99.1

Annual General Meeting of Jumia Technologies AG on May 15, 2026

Voting results

Agenda item		valid votes cast	Percentage of total share capital	YES Votes	YES in %	NO Votes	NO in %	Votum
2	Resolution on the ratification of the acts of the members of the Management Board for the financial year 2025	53,266,391	21.50	52,937,446	99.38	328,945	0.62	Approved
3	Resolution on the ratification of the acts of the members of the Supervisory Board for the financial year 2025	53,264,745	21.50	52,930,992	99.37	333,753	0.63	Approved
4	Resolution on the appointment of the auditor of the annual financial statements and the auditor of the consolidated financial statements, as well as any audit review of condensed financial statements and an interim management report as well as any audit review of additional interim financial information	53,302,932	21.52	53,113,518	99.64	189,414	0.36	Approved
5	Resolution on the approval of the compensation report for the financial year 2025	53,066,033	21.42	52,267,378	98.49	798,655	1.51	Approved
6	Resolution on the approval of the amended remuneration system for the members of the Management Board	53,075,063	21.43	46,662,830	87.92	6,412,233	12.08	Approved
7	Resolution on the approval of the amended remuneration system and on the remuneration for the Supervisory Board members	53,017,273	21.40	52,186,724	98.43	830,549	1.57	Approved
8.1	Resolution on the election of members of the Supervisory Board – Jonathan D. Klein	53,147,949	21.46	52,047,974	97.93	1,099,975	2.07	Approved
8.2	Resolution on the election of members of the Supervisory Board – Anne Kembene Ooga Eriksson	53,150,617	21.46	52,333,280	98.46	817,337	1.54	Approved

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Agenda item		valid votes cast	Percentage of total share capital	YES Votes	YES in %	NO Votes	NO in %	Votum
8.3	Resolution on the election of members of the Supervisory Board – Blaise Judja-Sato	53,258,691	21.50	19,860,012	37.29	33,398,679	62.71	Rejected
8.4	Resolution on the election of members of the Supervisory Board – Hassanein Hiridjee	53,644,101	21.66	53,067,844	98.93	576,257	1.07	Approved
8.5	Resolution on the election of members of the Supervisory Board – Benjamin T. Faw	52,892,791	21.35	52,892,400	99.99	391	0.01	Approved
8.6	Resolution on the election of members of the Supervisory Board – Dr. Akinwumi Ayodeji Adesina	53,307,183	21.52	52,747,448	98.95	559,735	1.05	Approved
9	Resolution on the amendment of section 5(2) and section 5(3) sentence 1 of the articles of association of the Company to enable the issuance of electronic shares	53,306,241	21.52	52,590,032	98.66	716,209	1.34	Approved
10	Resolution on the creation of a new authorized capital to settle obligations under a new virtual participation program with the exclusion of the subscription rights as well as on the corresponding amendment to the articles of association of the Company	53,220,343	21.49	52,200,920	98.08	1,019,423	1.92	Approved
11	Resolution on the cancellation of the existing Authorized Capital 2024/I and the creation of a new authorized capital generally granting subscription rights, but with the exclusion of the subscription rights for specific purposes and with the authorization for the exclusion of subscription rights as well as on the corresponding amendment to the articles of association of the Company	53,036,895	21.41	52,249,808	98.52	787,087	1.48	Approved
12	Resolution on the creation of a new authorized capital to settle remuneration claims of the Supervisory Board members with the exclusion of the subscription rights as well as on the corresponding amendment to the articles of association of the Company	53,189,113	21.47	52,106,246	97.96	1,082,867	2.04	Approved
13	Resolution on the cancellation of the existing authorization and granting a new authorization to issue convertible bonds, options, profit rights and/or profit bonds (or combinations of these instruments) with the possibility of excluding subscription rights, and on the cancellation of the corresponding existing Conditional Capital 2021/II and creating a new Conditional Capital 2026/I, as well as on the corresponding amendments to the articles of association of the Company	53,179,383	21.47	52,432,762	98.60	746,621	1.40	Approved

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Filing Exhibits & Attachments

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Press Releases

• EX-99.1 VOTING RESULTS OF JUMIA TECHNOLOGIES AG'S ANNUAL SHAREHOLDERS MEETING HELD ON MA 39.3 KB