RESOLUTIONS PASSED AT THE 3RD ANNUAL GENERAL MEETING OF BUA FOODS PLC, HELD ON SEPTEMBER 26, 2024:
1. Presentation of Audited Financial Statements: The Audited Financial Statements, along with the Report of the Directors, Auditors, and the Audit Committee Report for the year ending December 31, 2023, were received and acknowledged by the shareholders.
2. Dividend Approval: Shareholders approved a dividend payment of ₦5:50 (Five Naira Fifty Kobo) per one ordinary share of 50k for the financial year ending December 31, 2023.
3. Reelection of Directors: The following Directors, retiring by rotation, were reelected to the Board:
Ayodele Abioye
Imran Rashid
4. Authorization to Determine Auditors' Remuneration: The Board was authorized to determine the remuneration of the company’s auditors for the financial year ending 31st December 2024.
5. Appointment of Shareholders’ Representatives on the Statutory Audit Committee: The following individuals were appointed as shareholders' representatives on the Statutory Audit Committee:
Musa Bichi
Eric Akinduro Akinnifesi
Nwokocha Innocent Peters
The company's representatives on the Statutory Audit Committee were also appointed:
Oluyemisi Lowo Adesola
Chimaobi Madukwe
6. Disclosure of Managers' Remuneration: The remuneration of the Managers of BUA Foods Plc was disclosed during the meeting.
7. Approval of Non-Executive Directors' Remuneration: The remuneration for Non-Executive Directors for the financial year 2024 was approved by the shareholders.
These resolutions reflect critical actions aimed at reinforcing the financial and operational management of BUA Foods Plc while maintaining transparency regarding the company's leadership and financial outcomes.
1. Presentation of Audited Financial Statements: The Audited Financial Statements, along with the Report of the Directors, Auditors, and the Audit Committee Report for the year ending December 31, 2023, were received and acknowledged by the shareholders.
2. Dividend Approval: Shareholders approved a dividend payment of ₦5:50 (Five Naira Fifty Kobo) per one ordinary share of 50k for the financial year ending December 31, 2023.
3. Reelection of Directors: The following Directors, retiring by rotation, were reelected to the Board:
Ayodele Abioye
Imran Rashid
4. Authorization to Determine Auditors' Remuneration: The Board was authorized to determine the remuneration of the company’s auditors for the financial year ending 31st December 2024.
5. Appointment of Shareholders’ Representatives on the Statutory Audit Committee: The following individuals were appointed as shareholders' representatives on the Statutory Audit Committee:
Musa Bichi
Eric Akinduro Akinnifesi
Nwokocha Innocent Peters
The company's representatives on the Statutory Audit Committee were also appointed:
Oluyemisi Lowo Adesola
Chimaobi Madukwe
6. Disclosure of Managers' Remuneration: The remuneration of the Managers of BUA Foods Plc was disclosed during the meeting.
7. Approval of Non-Executive Directors' Remuneration: The remuneration for Non-Executive Directors for the financial year 2024 was approved by the shareholders.
These resolutions reflect critical actions aimed at reinforcing the financial and operational management of BUA Foods Plc while maintaining transparency regarding the company's leadership and financial outcomes.