ELLAHLAKES Notifies of the Company’s Extra-Ordinary General Meeting

Proshare

Tuesday, July 2, 2019 2:15PM / NSE

 

Notice is hereby given that the Extra-Ordinary General Meeting of the members of Ellah Lakes Plc will be held on Wednesday, 31 July 2019 at The Sage Hotel, No. 16 Edo Osagie Crescent, GRA, Benin City, Edo State at 11am prompt to transact the following business.


Special Business

1.         To consider and if thought fit, to pass, with or without modification, as an ordinary resolution of the Company:

(a) “That on the recommendation of the directors and in accordance with the articles of association of the Company, the authorized share capital of the Company be and is hereby increased from N1,000,000,000 to N1,500,000,000 by the creation and addition thereto, of 1,000,000,000 ordinary shares of 0.50 Kobo each, such new shares to rank pari passu in all respects with the existing ordinary shares in the capital of the Company and that the new shares thus created be registered with the Securities & Exchange Commission and consequently that the Memorandum of Association of the Company be amended accordingly”.

(b) “That the directors be and are hereby authourised to raise additional capital whether by way of debt, equity, or a mixture of both, or via public offering, private placement or right issue in such tranches, series or proportions and such prices or interest rates, within such maturity periods, at such dates and time and on such terms and conditions as may be determined by the directors, subject to the requisite approval of the relevant regulatory authorities”.

(c) “That the appointments of the following directors to fill the casual vacancies on the board of directors be and is hereby ratified-

i. Chuka Mordi

ii. Osaro Oyegun

iii. Enotie Ogbebor

iv. Joe Attueyi


(d) “That the appointment of Olumide Akpata as a non-executive director of the Company be and is hereby approved”.

(e) “That the appointment of Hauwa Nuru as a non-executive director of the Company be and is hereby approved”.

(f) “That the appointment of Shehu Abubakar as a non-executive director of the Company be and is hereby approved”.

(g) “That the appointment of Maxwell Oko as a non-executive director of the Company be and is hereby approved”.

(h) “That the appointment of Evans Gbubemi Jakpa as a non-executive director of the Company be and is hereby approved”.

(i) “That the appointment of Nnenna Onyewuchi as a non-executive director of the Company be and is hereby approved”.



Visit Ellah Lakes Plc IR Page in Proshare MARKETS

Graph 1: Ellah Lakes Plc – One Year Share Price Movement


Proshare Nigeria Pvt. Ltd.

 

Table: Unaudited Q2 2019 Results


Proshare Nigeria Pvt. Ltd.


Related News

1.        ELLAHLAKES Appoints Mr. Chuka Mordi as New Managing Director

2.       ELLAHLAKES Declares N503.94m Loss in Q2 2018 Results,(SP:N4.26k)

3.       ELLAHLAKES Updates on its On-Going Restructuring

4.       ELLAHLAKES Declares N1.973m Loss in Q1 2018 Results,(SP:N4.26k)

5.       ELLAHLAKES to Hold its AGM on 27th September 2018

6.       ELLAHLAKES Declares N10.79m Loss in Q4 2018 Results,(SP:N4.26k)

7.        ELLAHLAKES declares N9.43 million loss in Q2'16 Result,(SP:N4.26k)

8.       ELLAHLAKES declares N5.70 million loss in Q1 16 Result SP N4.26k

READ MORE:
Related News
SCROLL TO TOP