OKOMUOIL Notifies of Resolutions Passed At Its 2020 AGM

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Monday, June 01, 2020 / 3:18 PM / NSE / Header Image Credit: Okomu Oil Plam


The 2020 Annual General Meeting of The Okomu Oil Palm Company Plc was held by proxy on 28 May, 2020 at the Harbour Point Event Center, 4 Wilmot Road, Victoria Island Lagos at 10.00 a.m.;

The following resolutions were put before the meeting and were duly passed:

1.      The Audited Financial Statement for the year ended December 31, 2019 was laid before the shareholders and was duly received.

2.          A final dividend declaration of N2.00 (in addition to the interim dividend of N2.00 per share already paid to all shareholders) was approved for payment to shareholders, whose names appear in register of Members at the closure of register date 18 May, 2020.

3.              The following retiring Directors were re-elected:

            (i) Dr. Luc Boedt

            (ii) Mr. Peter A. E. Eguasa

            Mr. Asue Ighodalo

4.      The Directors be and are hereby authorized to fix the remuneration of the External Auditors.

5.           The following shareholders' representatives on the Statutory Audit Committee were re-elected unopposed:

            (i) Rev. Leonard Ohenhien

            (ii) Mr. Moses lgbrude

            (iii) Rev. Andrew Imadu

6.       While the following Directors were nominated to represent the Board on the Statutory Audit Committee:

            (i) Dr. Luc Boedt.

            (ii) Mr. Peter A. E. Eguasa

            (iii) Chief David U. Edebiri

 

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Graph - One Year Share Price Movement

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Table:  Q1 2020 Unaudited Results

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