Date:
June 25, 2024
Financial Year:
- 2023
Ordinary Business:
1. Reports Laid Before Shareholders:
- The Board of Directors presented the Report of the Directors, the Audited Financial Statements, and the Reports of the Auditors and the Audit Committee for the year ended December 31, 2023.
2. Election of Director:
- Mr. Abiola Lukman Lawal was elected as a Director of the company.
3. Re-election of Directors:
- Mrs. Godrey Ogbechie and Mr. Emmanuel Omuojine were re-elected as Directors of the company.
4. Appointment of Auditors:
- Deloitte & Touche was re-appointed as the Independent Auditor for the year ending December 31, 2024, and the Directors were authorized to fix the remuneration of the Auditors.
5. Statutory Audit Committee:
- Shareholder Nominees Elected:
- Engr. M.O.T Olayiwola Tobun
- Mrs. Odusote Anike Olatubosun
- Mr. Omokayode O. Adekunle
- These members will serve along with Mr. Emmanuel Omuojine and Mr. Anibor Kragha, representatives of the Board on the Committee, until the conclusion of the next AGM.
6. Disclosure of Managers' Remuneration:
- The remuneration of the Managers was disclosed in line with Section 275 of the Companies and Allied Matters Act 2020. No resolution was taken on this item.
Special Business:
1. Directors’ Fee:
- The Directors’ fee for the year ending December 31, 2024, was fixed by the Directors.
2. General Mandate for Related Party Transactions:
- A general mandate was granted for all recurrent transactions entered into with a related party or interested person, provided such transactions are of a revenue or trading nature or necessary for the company's day-to-day operations. This mandate will operate until the next AGM.
3. Amendment to Article 46 of Articles of Association:
- The company shall hold an Annual General Meeting each calendar year, not more than fifteen (15) months apart. The AGM can be held virtually or by any other electronic means.
4. Amendment to Article 47 of Articles of Association:
- Extra-Ordinary General Meetings shall be called as needed and can be held virtually or by any other electronic means.
By Order of the Board:
- Mandella Golkus
- Company Secretary/Legal Adviser
June 25, 2024
Financial Year:
- 2023
Ordinary Business:
1. Reports Laid Before Shareholders:
- The Board of Directors presented the Report of the Directors, the Audited Financial Statements, and the Reports of the Auditors and the Audit Committee for the year ended December 31, 2023.
2. Election of Director:
- Mr. Abiola Lukman Lawal was elected as a Director of the company.
3. Re-election of Directors:
- Mrs. Godrey Ogbechie and Mr. Emmanuel Omuojine were re-elected as Directors of the company.
4. Appointment of Auditors:
- Deloitte & Touche was re-appointed as the Independent Auditor for the year ending December 31, 2024, and the Directors were authorized to fix the remuneration of the Auditors.
5. Statutory Audit Committee:
- Shareholder Nominees Elected:
- Engr. M.O.T Olayiwola Tobun
- Mrs. Odusote Anike Olatubosun
- Mr. Omokayode O. Adekunle
- These members will serve along with Mr. Emmanuel Omuojine and Mr. Anibor Kragha, representatives of the Board on the Committee, until the conclusion of the next AGM.
6. Disclosure of Managers' Remuneration:
- The remuneration of the Managers was disclosed in line with Section 275 of the Companies and Allied Matters Act 2020. No resolution was taken on this item.
Special Business:
1. Directors’ Fee:
- The Directors’ fee for the year ending December 31, 2024, was fixed by the Directors.
2. General Mandate for Related Party Transactions:
- A general mandate was granted for all recurrent transactions entered into with a related party or interested person, provided such transactions are of a revenue or trading nature or necessary for the company's day-to-day operations. This mandate will operate until the next AGM.
3. Amendment to Article 46 of Articles of Association:
- The company shall hold an Annual General Meeting each calendar year, not more than fifteen (15) months apart. The AGM can be held virtually or by any other electronic means.
4. Amendment to Article 47 of Articles of Association:
- Extra-Ordinary General Meetings shall be called as needed and can be held virtually or by any other electronic means.
By Order of the Board:
- Mandella Golkus
- Company Secretary/Legal Adviser