DANGCEM Notifies of Resolutions Passed At Its 11th AGM

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Wednesday, June 17, 2020 / 12:09 PM / NSE / Header Image Credit: The Eagle Online


This is to announce that the 11th Annual General Meeting (AGM) of Dangote Cement Plc. was held on Monday, June 15, 2020, at Eko Hotel and Suites, Victoria Island, Lagos at 11.00 a.m. In view of the COVID-19 pandemic, attendance at the AGM was by proxy. The Annual Report is available at http://www.dangotecement.com. At this AGM, the following resolutions were proposed and duly passed:

  1. The Audited Financial Statements for the Year Ended December 31, 2019 and the Reports of the Directors, Auditors and the Audit Committee were accepted.
  2. A dividend payment of N16.00 for every ordinary share of 50 kobo each to all shareholders whose names were registered in the Company's Register of Members at the close of business on May 25, 2020 was declared.
  3. The re-elections of Viswanathan Shankar, Michael Davis, Cherie Blair, Douraid Zaghouani and Sani Dangote, being Directors who retired by rotation, were approved.
  4. The appointments of Michel Puchercos and Arvind Pathak as Directors were approved.
  5. Following the retirement of the joint auditors Deloitte and Touche, and Ahmed Zakari and Co. the appointment of KPMG Professional Services as the External Auditor was approved.
  6. The Directors were authorised to fix the remuneration of the Auditors.
  7. The elections of Robert Ade-Odiachi, Sheriff Yussuf Mojirola and Nicholas Nyamali, as members of the Statutory Audit Committee were approved, to serve along with Mr. Ernest Ebi MFR, Mr. Olakunle Alake, Mr. Emmanuel Ikazoboh until the conclusion of the next AGM.
  8. The remuneration of the Chairman of Five Million Naira (N5,000,000.00) and that the remuneration of the Non-Executive Directors of Four Million Naira (N4,000,000.00) for the year ending December 31, 2020 was approved.

  

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