RESOLUTIONS PASSED AT AXA MANSARD INSURANCE PLC 32ND ANNUAL GENERAL MEETING HELD ON AUGUST 8, 2024:
1. Approval of Financial Statements: The Audited Financial Statements for the year ended December 31, 2023, along with reports from the Directors, Auditor, and Audit Committee, were received and approved.
2. Dividend Payment: A final dividend of N3.6 billion, equating to 40 kobo per share, was approved. This includes N540 million already paid as an interim dividend in December 2023 and N3.06 billion as the final dividend. The final dividend will be paid to shareholders registered by July 15, 2024.
3. Auditors' Remuneration: The Directors were authorized to determine the remuneration and expenses for the auditors, KPMG Professional Services, for the year ending December 31, 2024.
4. Managers' Remuneration Disclosure: The remuneration of the Company’s managers, as detailed on Page 232 of the 2023 Audited Financial Statements, was disclosed.
5. Directors' Remuneration: The remuneration for Directors was fixed at N750,000 for the Chairman and N500,000 for Non-Executive Directors for the financial year ending December 31, 2024, and for subsequent years until reviewed.
6. General Mandate for Related Party Transactions: The Company was granted a General Mandate for recurrent transactions with related parties or interested persons, provided these transactions are of a revenue or trading nature and necessary for the Company’s day-to-day operations.
7. Authorization for Transactions: The Directors were authorized to complete and execute all necessary documents to effectuate the transactions authorized by the resolutions.
8. Audit Committee Appointments: Mrs. Adebisi Bakare, Mr. Henry Akwara, and Mr. Dayo Afelomo were elected as Shareholder representatives on the Statutory Audit Committee for the 2024 financial year. Ms. Abiola Bada and Mr. Mariano Caballero were appointed as Board representatives for the Audit Committee for the same period.
1. Approval of Financial Statements: The Audited Financial Statements for the year ended December 31, 2023, along with reports from the Directors, Auditor, and Audit Committee, were received and approved.
2. Dividend Payment: A final dividend of N3.6 billion, equating to 40 kobo per share, was approved. This includes N540 million already paid as an interim dividend in December 2023 and N3.06 billion as the final dividend. The final dividend will be paid to shareholders registered by July 15, 2024.
3. Auditors' Remuneration: The Directors were authorized to determine the remuneration and expenses for the auditors, KPMG Professional Services, for the year ending December 31, 2024.
4. Managers' Remuneration Disclosure: The remuneration of the Company’s managers, as detailed on Page 232 of the 2023 Audited Financial Statements, was disclosed.
5. Directors' Remuneration: The remuneration for Directors was fixed at N750,000 for the Chairman and N500,000 for Non-Executive Directors for the financial year ending December 31, 2024, and for subsequent years until reviewed.
6. General Mandate for Related Party Transactions: The Company was granted a General Mandate for recurrent transactions with related parties or interested persons, provided these transactions are of a revenue or trading nature and necessary for the Company’s day-to-day operations.
7. Authorization for Transactions: The Directors were authorized to complete and execute all necessary documents to effectuate the transactions authorized by the resolutions.
8. Audit Committee Appointments: Mrs. Adebisi Bakare, Mr. Henry Akwara, and Mr. Dayo Afelomo were elected as Shareholder representatives on the Statutory Audit Committee for the 2024 financial year. Ms. Abiola Bada and Mr. Mariano Caballero were appointed as Board representatives for the Audit Committee for the same period.