Stock & Analyst Updates | |
Stock & Analyst Updates | |
2806 VIEWS | |
![]() |
Monday, September 17, 2018 /3:08PM / NSE
NOTICE IS HEREBY GIVEN that an Extra-Ordinary General
Meeting (“EGM”) of members of LASACO Assurance Plc (“the Company”) will be held
at NECA House, Plot A2 Hakeem Balogun Street, Alausa, Ikeja, Lagos on
Wednesday, 10th October, 2018 at 11am to transact the following business.
SPECIAL BUSINESS
To consider and if thought fit, pass the following
resolutions as special resolutions:
1.
That on recommendation of the Directors and in
accordance with Articles 43 of the Articles of Association of the Company, the
Authorized Share Capital of the Company be and is hereby increased from
10,000,000,000 (Ten Billion) to 50,000,000,000 (Fifty Billion) by the creation
and addition thereto of 40,000,000,000 (Forty Billion) Ordinary Shares of 50
kobo (fifty) each, such new shares to rank pari passu in all respects with the
existing Ordinary Shares in the capital of the Company.
2.
Clause 6 of the Memorandum of Association and Article
43 of the Articles of Association respectively be and are hereby amended to
reflect the new Authorized Share Capital of N25,000,000,000 (Twenty five
Billion Naira) divided into 50,000,000,000 (fifty Billion) Ordinary shares of
50 kobo each.
3.
That the Board of Directors be and are hereby
authorized, subject to the approval of the relevant regulatory authorities, to
raise additional capital through the issuance of up to 40,000,000,000 ordinary
shares of 5ok each by way of public offer, private placement or preference
shares.
4.
That the Board of Directors be and are hereby
authorized to exercise all the powers of the Company to modify and/or conclude
the terms of the public offer, private placement or preference shares, seek
approvals from the relevant regulatory authorities appoint Professional parties
and Advisers, finalize and execute all agreements or documents and to do all
such acts and deeds which the Board of Directors in its absolute discretion may
deem necessary and expedient for the purpose of the public offer, private
placement or preference shares without being required to seek further consent
or approval of members of the Company or otherwise to the end and intent that
they shall be deemed to have given approval thereto expressly by the authority
of the resolution
NOTES: PROXY
A member of the Company is entitled to appoint a proxy
to attend and vote at the EGM instead of him. A proxy need not also be a
member. A Proxy Form attached to this Notice may be obtained from the office of
the Registrar, Apel Capital Registrars Limited 8, Alhaji Bashorun Street, Off
Norman Williams Crescent, South-West, Ikoyi, Lagos to be valid for the purpose
of this EGM, it must be completed and deposited at the office of the Registrars
not later than forty-eight (48) hours before the time of the meeting.
RIGHTS OF SECURITIES HOLDERS TO ASK QUESTIONS
Shareholders of the Company have the right to ask
questions not only at the EGM but also in writing prior to the EGM. Such
questions must be submitted to the Company via the Company Secretary at Plot 36
Acme Road Ogba, Lagos at least 48 hours before the EGM.
Related News
1. LASACO Declares N382.47m PAT in Q2 2018 Results,
(SP:N0.33k)
2. LASACO Declares N190.36m PAT in Q1 2018 Results,
(SP:N0.37k)
3. LASACO Releases Declares N661.88m PAT in 2017 Audited
Results, (SP:N0.36k)
4. LASACO Releases Declares N401.24 million PAT in Q3''17
Results, (SP:N0.50k)
5. LASACO Declares N387.5 million PAT in Q2'17 Results,
(SP:N0.50k)
6. LASACO Declares N944.46 million PAT in 2016 Audited
Results SP N0.50k
7. LASACO Releases Declares N715.39 million PAT in Q3'16
Results, (SP:N0.50k)