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UBA Plc - Notice to Shareholders on AGM

Proshare

Monday, April 10, 2017/ 9:32 AM /NSE 

This is to notify all shareholders of United Bank for Africa Plc (UBA) that pursuant to Section 217(2)(a) of the Companies and Allied Matters Act (CAMA) the consent of shareholders will be sought at UBA’s Annual General Meeting which holds on Friday, April 07, 2017 at 10:00am to deem the AGM as having been duly called notwithstanding that the notice for the AGM was less than the statutory twenty-one (21) days.

Consent will be sought by putting the matter as a resolution at the beginning of the AGM, with shareholders voting by a show of hands.

There are those who interpret section 217(2)(a) to require that the consent of all the shareholders of a company are required to deem such an AGM as having been duly called, but UBA is of the opinion that the consent required by Section 217(2)(a) of CAMA is the consent of the shareholders present at such a meeting.

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