JAIZBANK to Hold 7th AGM on June 29, 2019.

Proshare

Thursday, May 23, 2019 5:15PM / NSE



Notice is hereby given that the 7th Annual General Meeting of Jaiz Bank Plc will be held at Shehu Musa Yar'Adua Center, Central Business District, Abuja on Wednesday 26th June, 2019 at 11 am to transact the following business:

 

Ordinary Business:

  1. To lay before Members, the Audited Financial Statements of the Bank for the period ended December 31, 2018, together with the Reports of the Directors, Auditors, and Audit Committee thereon.
  2. To re-elect Directors.
  3. To authorize the Directors to fix the remuneration of the Auditors.
  4. To elect members of the Audit Committee.


Special Business

To consider and if approved, to pass, with or without modification, the following ordinary resolution to fix the remuneration of the Non-Executive Directors:

“It is hereby resolved that the fees, payable annually to Directors in arrears be increased from N5,000,000.00 (Five Million Naira) to N10,000,000.00 (Ten Million Naira) per annum for the Chairman and from N4,000,000.00 (Four Million Naira) to N8,000,000.00 (Eight Million Naira) per annum for all other Non-Executive Directors”.

 

Notes:

  1. Proxy

A member of the Company entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy in his stead. A proxy need not be a member of the Company. A form of proxy is enclosed in the Annual Report and can also be downloaded from the Bank's website at http://www. jaizbankplc.com.

For the purpose of this meeting, a proxy form must be completed, stamped, and deposited at the office of the Registrar, Africa Prudential Plc. (Formerly UBA Registrars Limited) 220B Ikorodu Road, Palmgrove, Lagos, Nigeria, not later than 48 hours before the time fixed for the meeting.

 

2. Nomination to the Audit Committee

In accordance with Section 359(5) of the Companies & Allied Matters Act, any member may nominate a shareholder as a member of the Audit Committee by giving notice In writing of such nomination to the Company Secretary at least 2 days before the Annual General Meeting. A member of the Audit Committee is required to be financially literate and be knowledgeable in internal control processes. Consequently, a detailed resume should be submitted along with each nomination.

 

  1. Re-election of Directors
  1.  Pursuant to Section 259 of the Companies and Allied Matters Act, the following Directors shall retire by rotation and being eligible, have offered themselves for re-election:
  1. Alhaji (Dr) Aminu Alhassan Dantata, CON
  2. Alhaji (Dr) Umaru Kwairanga
  3.  Mallam Falalu Bello, OFR
  1. Special Notice is hereby given pursuant to Section 256 of the Companies andAllied Matters Act that Alhaji (Dr) Umaru Abdul Mutallab, CON, HRH. Engr Bello Muhammad Sani, Alhaji (Dr) Muhammadu Indimi, Alhaji (Dr) Aminu Alhassan Dantata, CON and Prof. Tajudeen Adebiyi are over 70 years of age and have indicated their willingness to continue in office.
  2. The Biographical details of Directors standing for election/re- election are provided in the Annual Report as well as the Bank's Website stated above.

  1. Closure of  register

The Register of Members and Transfer Books of the Bank will be closed on 14th June, 2019 to enable the Registrars prepare the Register of Shareholders for the meeting.


  1. Rights of securities’ holders to ask questions

Securities’ Holders have a right to ask questions not only at the meeting, but also in writing prior to the meeting, and such questions must be submitted to the Company on or before 14th June, 2019.


  1. Unclaimed Share Certificates

The Bank notes that some share certificates were returned through the post and marked “Unclaimed”, therefore, Shareholders with ‘unclaimed share certificates” are advised to contact the Company's Registrars at the address stated above, or the Company Secretary at the Bank's Registered address stated below, or any of the Bank's branches. Shareholders are also encouraged to update their contact information as such information change. Change of Address Form can be downloaded from the Bank's Website stated above. All requests should be addressed to the Registrars of the Bank or the Company Secretary at the Bank's registered address stated below.

A copy of this Notice, Biographical details of Directors standing for election, re-election, and other information relating to the meeting, as well as the full version of the Annual Reports and Financial Statements can be downloaded from the Bank's website stated above.

  1. e-Report

In order to improve delivery of our Annual Reports, we hereby request that shareholders who wish to receive Annual Reports and other statutory reports of Jaiz Bank Plc in electronic format should download the E-Report Request Form from the Bank's Website stated above, complete and return the form to the Bank's Registrars or Company Secretary for further processing.

 

 

Visit Jaiz Bank Plc IR Page  in Proshare MARKETS

Graph 1: Jaiz Bank Plc – One Year Share Price Movement 


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