Wednesday, June 20, 2018 12:45 PM /NSE
Notice is hereby given that an Extraordinary General Meeting of Ekocorp Plc will be held at 11.3oam on Thursday 5, July 2018 at Lagos Chamber of Commerce and industry (LCCI) Conference and exhibition Centre, Plot 10, Narudeen Olowopopo Street, Behind MKO Abiola Gardens, Alausa-Ikeja, Lagos for the purpose of transacting the following as ordered by the Federal High Court in a judgment delivered by Olatoregun J. in Suit No. FHC/ L/CP/ 25/12 on the 7th of May, 2018.
Special Resolution 1
The approval of the conversion of 75% of the debt owed by the Company, Ekocorp Plc to some Directors as of 2007 and in the following order:
a) The sum of N43,824,331 being 75% of the debt owed to Dr. Sunday Kuku to be converted to equity at N1 per share.
b) The sum of N42,688,854 being 75% of the debt owed to Dr. Augustine Amechi Obiora to be converted to equity at N1 per share.
c) The sum of N27,735,842 being 75% of the debt owed to Dr. Alexandra Eneli (deceased) now represented by Senator M.N.I. Ajegbo to be converted to equity at N1 per share.
d) The sum of N4,320,206 being 75% of the debt owed to Chief F. G. A. Cole to be converted to equity at N1 per share.
Special Resolution 2
The approval of the allotment of 110,000,000 (One Hundred and Ten Million) Ordinary Shares of N4.0ok each to Geoff Ohen Ltd via Special Placement scheme as approved at the Completion Board Meeting of 17th June, 2008.
4. Corporate Earnings for the Week Ending 131017 –EKOCORP Declares N79.60mln PAT in 2016 Audited Result
8. EKOCORP declares N192.3million PAT in Q3 '14 result,(SP:N3.72k)