At the Annual General Meeting of UAC of Nigeria PLC held on 20 June 2024, at Festival Hotel, Diamond Estate, Amuwo Odofin, Lagos in respect of the 2023 Financial Year:
The following resolutions were considered and duly passed:
That a dividend of 22 kobo per ordinary share of 50 kobo be paid to all shareholders whose names appear in the Company’s Register of Members as of 6 June 2024, subject to appropriate withholding tax.
That Mr. Bolaji Odunsi, who is retiring by rotation and being eligible offers himself for re-election be and is hereby re-elected.
That Mr. Khalifa Biobaku, who is retiring by rotation and being eligible offers himself for reelection be and is hereby re-elected.
That Mr. Adebolanle Badejo be and is hereby elected as director of the Company.
That the Directors be and are hereby authorized to fix the remuneration of the Company’s External Auditors for the 2024 financial year.
That the following shareholders be and are hereby elected as members of the Company’s Statutory Audit Committee:
Mr. Olabisi Fayombo-(Shareholder)
Mr. Matthew Akinlade- (Shareholder)
Mr. Nwosu Nnabike Kenneth- (Shareholder)
The following Directors were nominated to represent the Board on the Statutory Audit Committee:
Mr. Bolaji Odunsi
Mr. Khalifa Biobaku
That the remuneration of Directors be and is hereby fixed for the financial year ending December 31, 2024.
That a general mandate be and is hereby given, authorizing the Company through the Directors to enter into recurrent transactions with related parties or companies until reviewed by the Company at an Annual General Meeting.
That the Memorandum and Articles of Association of the Company be and is hereby amended by altering same in the manner indicated in Annexure 1 to the Notice of the Annual General Meeting and that the Directors be and are hereby authorized to take all such lawful steps, pass all requisite resolutions, and do all such other lawful acts and/or things as may be necessary for and/or incidental to giving effect to this resolution.
