RESOLUTIONS PASSED AT THE 37TH ANNUAL GENERAL MEETING (AGM) OF SUNU ASSURANCE NIGERIA PLC, HELD ON THURSDAY, 15th AUGUST 2024:
1. Financial Statements:
- The shareholders received and approved the Consolidated Audited Financial Statements of SUNU Assurances Nigeria Plc and its subsidiaries for the year ended 31st December 2023.
- These statements were previously reviewed and approved by the Board of Directors.
- The reports from the Directors, Audit Committee, and external auditors were also accepted.
2. Dividend Declaration:
- A dividend of 5 kobo per ordinary share (each share having a nominal value of 50 kobo) was approved.
- This dividend is payable to shareholders whose names appeared in the Register of Members as of the close of business on Friday, 12th July 2024.
3. Re-election of Non-Executive Directors:
- The following directors, who retired by rotation as per the company’s Articles of Association, were re-elected as Non-Executive Directors:
- Mr. Mohamed Bah
- Hajja Taizir Ajala
4. Ratification of Appointment:
- The appointment of Mr. Elie Ogounigni as an Executive Director was ratified by the shareholders.
5. Remuneration of External Auditors:
- The Board of Directors was authorized to fix the remuneration of the external auditors for the 2024 financial year.
6. Disclosure of Managers' Remuneration:
- The remuneration of the company’s managers, as detailed on Page 41 of the Audited Financial Statements for the 2023 financial year, was disclosed and approved.
7. Election of Audit Committee Members:
- The following individuals were elected to serve as members of the Audit Committee until the next AGM:
1. Mr. Samuel Adekunle Adedoyin (Shareholder Representative)
2. Oba Yekini Ajadi Olanrewaju (Shareholder Representative)
3. Mr. Oluyinka Oniwinde (Shareholder Representative)
- Additionally, the following directors were nominated to represent the Board on the Audit Committee:
4. Mr. Mohamed Bah
5. Hajja Taizir Ajala
8. Remuneration of Non-Executive Directors:
- The shareholders approved the remuneration for Non-Executive Directors for the 2024 financial year.
9. General Mandate for Related Party Transactions:
- In compliance with Rule 20.8(c) of the Nigerian Exchange Limited, the company and its related entities were granted a General Mandate.
- This mandate covers all recurrent transactions with related parties or interested persons, provided such transactions are conducted on normal commercial terms for day-to-day operations.
10. Authority to Implement Resolutions:
- The Directors were authorized to take all necessary and lawful steps, pass all requisite resolutions, and perform any other lawful acts needed to implement these resolutions.
Voting Summary:
- All 217 shareholders in attendance, along with proxy forms representing 5,046,003,536 units of shares, voted unanimously in favor of all the resolutions listed above.
Issued by:
- Taiwo Kuku, Company Secretary, SUNU Assurances Nigeria Plc
1. Financial Statements:
- The shareholders received and approved the Consolidated Audited Financial Statements of SUNU Assurances Nigeria Plc and its subsidiaries for the year ended 31st December 2023.
- These statements were previously reviewed and approved by the Board of Directors.
- The reports from the Directors, Audit Committee, and external auditors were also accepted.
2. Dividend Declaration:
- A dividend of 5 kobo per ordinary share (each share having a nominal value of 50 kobo) was approved.
- This dividend is payable to shareholders whose names appeared in the Register of Members as of the close of business on Friday, 12th July 2024.
3. Re-election of Non-Executive Directors:
- The following directors, who retired by rotation as per the company’s Articles of Association, were re-elected as Non-Executive Directors:
- Mr. Mohamed Bah
- Hajja Taizir Ajala
4. Ratification of Appointment:
- The appointment of Mr. Elie Ogounigni as an Executive Director was ratified by the shareholders.
5. Remuneration of External Auditors:
- The Board of Directors was authorized to fix the remuneration of the external auditors for the 2024 financial year.
6. Disclosure of Managers' Remuneration:
- The remuneration of the company’s managers, as detailed on Page 41 of the Audited Financial Statements for the 2023 financial year, was disclosed and approved.
7. Election of Audit Committee Members:
- The following individuals were elected to serve as members of the Audit Committee until the next AGM:
1. Mr. Samuel Adekunle Adedoyin (Shareholder Representative)
2. Oba Yekini Ajadi Olanrewaju (Shareholder Representative)
3. Mr. Oluyinka Oniwinde (Shareholder Representative)
- Additionally, the following directors were nominated to represent the Board on the Audit Committee:
4. Mr. Mohamed Bah
5. Hajja Taizir Ajala
8. Remuneration of Non-Executive Directors:
- The shareholders approved the remuneration for Non-Executive Directors for the 2024 financial year.
9. General Mandate for Related Party Transactions:
- In compliance with Rule 20.8(c) of the Nigerian Exchange Limited, the company and its related entities were granted a General Mandate.
- This mandate covers all recurrent transactions with related parties or interested persons, provided such transactions are conducted on normal commercial terms for day-to-day operations.
10. Authority to Implement Resolutions:
- The Directors were authorized to take all necessary and lawful steps, pass all requisite resolutions, and perform any other lawful acts needed to implement these resolutions.
Voting Summary:
- All 217 shareholders in attendance, along with proxy forms representing 5,046,003,536 units of shares, voted unanimously in favor of all the resolutions listed above.
Issued by:
- Taiwo Kuku, Company Secretary, SUNU Assurances Nigeria Plc