JBERGER Notifies of Resolutions Passed At Its 50th AGM

Proshare

Thursday, June 25, 2020 / 11:49 AM / NSE / Header Image Credit: Freedom Online


At the 50th Annual General Meeting of the Company held on June 18, 2020, Members passed the following resolutions to:

  1. Authorise a dividend of N2.00K per 50K share. The Dividend payment date shall be June 19, 2020;
  2. Elect Engr. Engr. Goni Musa Sheikh, Mr. Ernest Chukwudi Ebi MFR, FCIB and Mr. Karsten Hensel as Directors of the Company;
  3. Approve the re-election of Mrs. Belinda Ajoke Disu, CAL, Mrs. Gladys Olubusola Talabi and Mr. Mutiu Sunmonu CON as Directors of the Company;
  4. Authorise the Directors to fix the remuneration of the Auditors;
  5. Elect and constitute Chief Timothy Ayobami Adesiyan, Sir Sunday Nnamdi Nwosu, KSS and Brig. Gen. Emmanuel Ebije Ikwue, GCON, the shareholders' representatives and Mr. Ernest Chukwudi Ebi MFR, FCIB, Engr. Jafaru Damulak and Dr. Ernest Nnaemeka Azudialu-Obiejesi, the Board's representatives into the Statutory Audit Committee for the Financial year ending December 31, 2020;
  6. Approve, until further review, the Directors fees in the sums of N6,500,000 (Six Million Five Hundred Thousand Naira) for the Non-Executive Directors and 10,500,000 (Ten Million Five Hundred Thousand Naira) for the Chairman effective from the January 1, 2020;
  7. Approve the issue and allotment of 1 (One) ordinary share of 50K (Fifty Kobo) each for every 5 (Five) ordinary shares of 50K (Fifty Kobo) each held as at the close of business on May 29, 2020 and which Bonus shares shall rank parri passu in all respect with the existing ordinary shares of the Company except that such Shares shall not rank for dividend recommended by the Directors in respect of the year ended December 31, 2019.
  8. Approve, on a continuing basis, the proposal stated in the "Group Policy on Severance Pay for Non-Executive Directors" of the Company.

 

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