Notice of 47th Annual General Meeting
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Notice is hereby given that the 47th  Annual General Meeting of the Company will be held at Lafia Hotel, Abeokuta Road, Ibadan, on Monday 7th May, 2012 at 12.00p. m. for the following purposes:

 ORDINARY BUSINESS
To lay before the meeting, the audited accounts of the Company for the year ended 31st December, 2011 and the reports of the Directors, Auditors and Audit Committee thereon.
  • To declare a dividend.
  • To  elect/re-elect retiring Directors.
  • To authorise the Directors to determine the remuneration of the Auditors.
  • To elect Members of the Audit Committee.
SPECIAL BUSINESS
To fix the remuneration of the Directors

Notes:
 
a)   A member entitled to attend the General Meeting is also entitled to appoint a proxy to attend and to act on his behalf and a proxy need not be a member of the Company. To be valid, the attached proxy form must be executed and deposited with the Secretaries, Lennap Services Limited, Toloye House, 362 Ikorodu Road/1A, Okupe Estate, Maryland, Lagos, PMB 2047, Lagos, to reach them not less than 48 hours before the time of the meeting.

b)  Dividend warrants and Closure of Register of Members: If the dividend recommended by the Directors is approved, dividend warrants will be posted on 21 May, 2012 to the shareholders whose names are registered in the Company’s Register of Members at the close of business on April 20th, 2012.  Notice is therefore hereby given that the Register of Members and Transfer Books of the Company will be closed from April, 23rd , 2012 to April 27th, 2012 both dates inclusive to enable the preparation and payment of dividend.

c)  Nominations for the audit committee: The Audit Committee consists of 3 Shareholders and 3 Directors. In accordance with section 359 (5) of the Companies and Allied Matters Act, 2004 any member may nominate a shareholder for election as a member of the Audit committee by giving in writing, notice of such nomination to the Company Secretary at least 21 days before the Annual General Meeting.