DAARCOMM To Hold 12th AGM on August 24, 2020; Lists Proxies

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Tuesday, August 18, 2020 / 5:50 PM / NSE / Header Image Credit: Daar Communications


Notice is hereby given that the 12th Annual General Meeting of DAAR Communications Plc will be held on Monday, August 24, 2020 at the Company's Corporate Headquarters, No. 1 Ladi Lawal, off Gen. T.Y. Danjuma Street, Kpaduma Hill, Asokoro Abuja, Federal Capital Territory (FCT) at 11:00 am to transact the following business:


Ordinary Business:

1.  To receive and lay before the members, the Audited Financial Statements for the year ended 31st December, 2019 and 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 External Auditors for the 2020 financial year.

4.   To elect/re-elect Shareholders' representatives on the Statutory Audit Committee.

 

Notes:

1. Compliance With Covid-19 Related Directives And Guidelines

The Federal Government of Nigeria, State Governments, Health Authorities, and Regulatory Agencies have each issued several directives and guidelines aimed at curbing the spread of COVID-19 in Nigeria. Particularly, the gatherings of more than 20 people have been prohibited whilst the convening and conduct of this Annual General Meeting shall be done in compliance with these directives and guidelines.


2. Proxy

A member of the Company entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote on his/her behalf. A Proxy need not be a member of the Company.

A Proxy form for this purpose is contained in the Annual Report and Accounts to be valid for the meeting. The Proxy form must be completed and stamped by the Commissioner for Stamp Duties in accordance with the Stamp Duties Act (Cap 58 Laws of the Federation of Nigeria 2004) and thereafter deposited at the office of the Registrar - First Registrars and Investor Services Limited, No. 2, Abebe Village Road, Iganmu, Lagos or via email info@firstregistrarsnigeria.com or ebusiness@firstregistrarsnigeria.com not later than 48 hours before the time of the meeting.


3. Attendance By Proxy

Shareholders should note that in view of the COVID-19 pandemic and following from the guidelines from the Federal Republic of Nigeria, State Government, Health Officials and Regulatory Bodies on restrictions on public gatherings, attendance to the Annual General Meeting shall only be by proxy to ensure public health and safety. A member entitled to attend and vote at the AGM is advised to select from the under listed proposed proxies, to attend and vote in his or her stead:

a)     Chief Raymond Paul Dokpesi jr.

b)     Mr. Tony Akiotu

c)      Mr. Nornah Awoh

d)     Engr. Anthony Uyah

e)     Mr. John Adidi

f)       Mr. Patrick Ajudua


4. Closure Of Register

The Register of Members and Transfer Books of the Company will be closed from 3rd August, 2020 to 10th August, 2020 (both days inclusive).


5. Statutory Audit Committee

In accordance with section 359 (5) of the Companies and Allied Matters Act, (Cap C20, Laws of the Federation of Nigeria, 2004), any member may nominate a shareholder to be elected as a member of the Audit Committee by giving notice in writing of such nomination to the Company Secretary at least 21 days before the Annual General Meeting.

Kindly note that the provisions of the Code of Corporate Governance issued by the Securities and Exchange Commission (SEC) indicate that members of the Statutory Audit Committee should have basic financial literacy and in view of the foregoing, nominations to the Statutory Audit Committee should be supported by the Curricula Vitae of the nominees.


6. Re-Election Of Directors

In accordance with the provisions of Company and Allied Matters Act (CAMA) section 259 (sub 1 - 3), the Directors to retire are Prof. Ralph Akinfeleye, Mr. Charles Iyizoba who is over 70 years of age and Mrs. Ibitoru Linda Ofili. The retiring Directors being eligible offered themselves for re-election.

The profiles of the Directors retiring by rotation are available in the Annual Reports.


7. Shareholders' Questions

Any Shareholder attending the meeting reserves the right to ask questions at the Annual General Meeting. Shareholders may also submit their questions prior to the meeting in writing to the company in line with Rule 19.12 (c) of the Listing Rules of The Nigerian Stock Exchange and should be addressed to the Company Secretary and reach the company at its Head Office or by electronic mail at info@daargroup.com not later than 48 hours before the time fixed for the meeting.


8. E-Dividend Mandate

Shareholders who are yet to complete the e-dividend registration are advised to complete the e-dividend mandate form in the Annual Report and submit to the Registrars: First Registrars and Investor Services Limited, No. 2, Abebe Village Road, Iganmu, Lagos.

The form can also be downloaded from the Company's website at www.daargroup.com.


9. Unclaimed Share Certificates

Some Share Certificates have remained unclaimed or are yet to be presented or returned to the Registrars. Affected Shareholders are advised to contact the Registrars, First Registrars and Investor Services Limited, No. 2, Abebe Village Road, Iganmu, Lagos.


10. Electronic Annual Report

The electronic version of the Annual Report is available at www.daargroup.com. Shareholders who have provided their email addresses and WhatsApp numbers to the Registrars will receive the electronic version of the Annual Report via email and WhatsApp. Shareholders who are interested in receiving the electronic version of the Annual Report are kindly required to request via email to info@daargroup.com.


11. Live Streaming Of Agm

The AGM will be streamed LIVE online. This will enable shareholders and other stakeholders who will not be attending physically to follow the proceedings. The online link for the AGM LIVE streaming will be made available on the Company's website at www.daargroup.com and by the Registrars in due course.

 

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