Monday, June 08, 2020 / 04:15 PM
/ NSE / Header Image Credit: Togo-Presse
Notice is hereby given that the Thirty Second Annual General Meeting and an Extraordinary General Meeting of Ecobank Transnational Incorporated (ETI) will be held at Eko Hotels & Suites, 1415 Adetokunbo Ademola Street, Victoria Island, Lagos, Nigeria on Tuesday, 30th June 2020 at 11.00am (Lagos time) to transact the following business:
I - Annual General Meeting
1. Approval of the accounts
2. Appropriation of the Profits
3. Election of Directors
4. Ratification of the co-option of directors
5. Renewal of the appointment of the joint auditors
6. Approval of the Final Board Fees for Retiring Directors
II - Extraordinary General Meeting
1. Withdrawal of resolution on consolidation of shares
2. Amendment of the Articles
As a result of the significant public health concerns associated with the Covid-19 pandemic, the various governments and regulators in the countries where Ecobank operates including the Federal Government of Nigeria, the Nigerian Centre for Disease Control (NCDC) and the Government of Lagos State (the host state of the meeting) have issued new orders and directives limiting the number of people at public gatherings. As a responsible corporate citizen, ETI intends to strictly comply with this restriction in addition to other applicable health and safety measures. Accordingly, attendance at this year's General Meetings shall be mainly by proxies in accordance with the Articles of Association of the Company and applicable law.
In view of the above reasons, a shareholder may choose any of the following persons as her/his proxy to represent her/him.
1) Mr Emmanuel Ikazoboh (Chairman),
2) Mr Patrick Akinwuntan (Managing Director, Ecobank Nigeria),
3) Mr Olayiwola Olaleru (Managing Director, EDC Securities Limited),
4) Mr Akeem Oyewole (Managing Director of Stanbic Nominees),
5) Sir Sunny Nwosu (President, Independent Shareholders' Association).
Shareholders are encouraged to submit in advance the proxy form available on the Ecobank website duly completed indicating their voting intentions and deposit same at Ecobank Transnational Incorporated, 2365 Boulevard du Mono, B.P. 3261 LomÃ©, Togo, or send an email to AGM@ecobank.com by close of business on 26 June 2020.
Shareholders will also be able to submit questions in advance of the General Meetings by sending an email to AGM@ecobank.com. Answers to the questions on key themes will be displayed on the Investor Relations page of the Ecobank website (www.ecobank.com/group/investorrelations) as soon as possible.
All relevant documents in connection with the meeting are available to all shareholders from the date of this notice at the Registered Office of the Company at the address above as well as on the Company's website (www.ecobank.com).
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Graph - One Year Share Price Movement
Table: Unaudited Q1 2020 Results