Thursday, June 18, 2020 / 11:11 AM / By NSE / Header Image Credit: @chams_plc
Notice is hereby given that the Thirty-Sixth Annual General Meeting of CHAMS PLC will hold on Thursday, 16th day of July, 2020 at the Function Room, Muson Center, 8/9 Marina Road, Onikan, Lagos at 10.00 a.m. prompt to transact the following business:
1. To receive the Audited Financial Statements for the Year ended 31st December 2019 and the Reports of the Directors, Auditor and Audit Committee thereon;
2. To elect/re-elect the following Directors
a. Election: Mr. Tomiwa Aladekomo is being proposed for election as Non-Executive Director.
b. Re-election: In accordance with the provisions of the Articles of Association of the Company, the Directors to retire by rotation are Pastor Ituah Ighodalo and Prof. Oyewusi Ibidapo-Obe who is over 70 years old, special notice to that effect having been received by the Company in accordance with Section 256 of the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria, 2004. The Directors being eligible, offer themselves for re-election.
c. Retirement: Mr. Olufemi Williams is retiring as a Group Managing Director and Mrs. Olufunke AlomoOluwa is retiring as an Executive Director.
3. To authorize the Directors to fix the remuneration of the Auditors.
4. To elect Members of the Audit Committee.
To consider and if thought fit, to pass the following as ordinary resolution:
5. To fix the remuneration of the Directors.
Due to the COVID-19 pandemic and in accordance with the guidelines of the Corporate Affairs Commission (CAC) holding Annual General Meeting (AGM) of public Companies using proxies, shareholders are hereby notified that attendance shall only be by proxy and shall be limited to a maximum of twenty people (the maximum crowd size currently permitted by Lagos State Government, the host city of the meeting). In view of the foregoing, Shareholders are encouraged to appoint proxies to represent them at the meeting.
A member entitled to attend and vote at the Annual General Meeting may appoint a proxy to attend and vote in his/her/its stead. A proxy need not be a member of the company. Consequently, members are required to appoint a proxy of their choice from the following proxies to represent them at the meeting:
a. Sir Demola Aladekomo
b. Mr. Gavin Young
c. Mr. Emmanuel Onochie
d. Mr. Anthony Omojola
e. Mr. Peter Owolabi
f. Mrs. Ayodele S. Kudaisi
Executed proxy forms should be emailed to firstname.lastname@example.org or email@example.com or deposited at the office of the Registrars, No 2, Abebe Road, Iganmu, Lagos,not later than 48 hours before the time of the meeting. A blank proxy form is included in the 2019 Annual Report & Accounts. which will also be available on the Company's website: www.chamsplc.com and that of the Registrars, www.firstregistrarsnigeria.com. The Company has made arrangements at its cost for stamp duty to be paid on the proxy forms.
2. Closure Of Register
The Register of Members and Transfer book will be closed from 2nd to 9th day of July, 2020 (both days inclusive) for the purpose of updating the Register of Members.
profiles of all Directors are available for viewing on the Company's website, www.chamsplc.com.
4. Audit Committee
In accordance with Section 359(5) of the Companies and Allied Matters Act, CAP C20, LFN 2004, any shareholder may nominate another shareholder for appointment to the Audit Committee by giving notice in writing of such nomination to the Company Secretary at least Twenty-One (21) days before the Annual General Meeting.
5. Electronic Version Of The Annual Report And Accounts
Electronic versions of the 2019 Annual Report and Accounts are available online for viewing and download via the Company's website, www.chamsplc.com and that of the Registrar, www.firstregistrarsnigeria.com.
6. Live Streaming Of The Agm
The AGM will be streamed live online. This will enable Shareholders and other stakeholders who will not be attending the meeting physically to also be part of the proceedings. The link for the live streaming will be made available on the Company's website: www.chamsplc.com and by the Registrar, in due course.
7. Unclaimed Dividend
A list of unclaimed dividends will be circulated with the Annual Report and Financial Statements. Any shareholder affected by this notice is advised to write or to call at the office of the Registrars, First Registrars & Investors Services Limited, 2 Abebe Village Road, Iganmu, Lagos during normal working hours or via the e-mail addresses, firstname.lastname@example.org or email@example.com to resolve any issue they may have with claiming the dividends.
8. Rights Of Shareholders To Ask Questions
Shareholders have the right to ask questions not only at the meeting, but also in writing prior to the meeting, and such questions should be submitted to the Company Secretary not later than the 9th day of July, 2020 via the email address: firstname.lastname@example.org.
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Graph - One Year Share Price Movement
Table: 2019 Audited Results