PZ Cussons Nigeria Plc: Key Highlights from the 76th AGM
Date: November 28, 2024
Venue: Transcorp Hilton, Abuja
At the recently concluded 76th Annual General Meeting (AGM) of PZ Cussons Nigeria Plc, significant resolutions were passed. Here’s a breakdown of the key decisions and announcements:
1. Financial Report Approval
The Audited Financial Statements for the year ended May 31, 2024, were presented and approved by shareholders.
2. Board Resolutions ️
• Re-elections:
• Mallam Ballama Manu
• Mrs. Oluwatoyin Odutayo
• New Appointment:
• Mr. Kareem Moustafa as a Non-Executive Director.
3. Audit Committee Elections ✅
• Shareholders’ Representatives:
• Hon. Bright Nwabughogu
• Mr. Segun Owoeye
• Mr. Robert A. Ibekwe
• Directors’ Representatives:
• Mallam Ballama Manu
• Dr. Suleyman Ndanusa, OON
4. Other Resolutions
• External Auditors’ Fees: Directors were authorized to determine the remuneration of the auditors.
• Directors’ Remuneration: Approved for the 2024/2025 financial year.
• Related Party Transactions: Ratified and granted a general mandate for future transactions.
5. Investor Relations
Shareholders and potential investors can find detailed information via the company’s Investors’ Portal.
What Does This Mean for Investors?
These resolutions reinforce the company’s commitment to robust corporate governance and shareholder engagement. The approval of remuneration and related party transactions paves the way for smoother operational planning in the coming financial year.
Date: November 28, 2024
Venue: Transcorp Hilton, Abuja
At the recently concluded 76th Annual General Meeting (AGM) of PZ Cussons Nigeria Plc, significant resolutions were passed. Here’s a breakdown of the key decisions and announcements:
1. Financial Report Approval
The Audited Financial Statements for the year ended May 31, 2024, were presented and approved by shareholders.
2. Board Resolutions ️
• Re-elections:
• Mallam Ballama Manu
• Mrs. Oluwatoyin Odutayo
• New Appointment:
• Mr. Kareem Moustafa as a Non-Executive Director.
3. Audit Committee Elections ✅
• Shareholders’ Representatives:
• Hon. Bright Nwabughogu
• Mr. Segun Owoeye
• Mr. Robert A. Ibekwe
• Directors’ Representatives:
• Mallam Ballama Manu
• Dr. Suleyman Ndanusa, OON
4. Other Resolutions
• External Auditors’ Fees: Directors were authorized to determine the remuneration of the auditors.
• Directors’ Remuneration: Approved for the 2024/2025 financial year.
• Related Party Transactions: Ratified and granted a general mandate for future transactions.
5. Investor Relations
Shareholders and potential investors can find detailed information via the company’s Investors’ Portal.
What Does This Mean for Investors?
These resolutions reinforce the company’s commitment to robust corporate governance and shareholder engagement. The approval of remuneration and related party transactions paves the way for smoother operational planning in the coming financial year.