Wednesday, June 03, 2020 / 1:25 PM / NSE / Header Image Credit: Meyer Plc
Notice is hereby given that the 48th Annual General Meeting of Meyer Plc will be held at Plot 34, Mobolaji Johnson Avenue, Oregun Industrial Estate, Alausa, Ikeja, Lagos State on Thursday, the 25th day of June, 2020, at 11.00a.m prompt to transact the following business:
1. To receive and consider the Audited Financial Statements for the year ended 31 December 2019 together with the reports of the Directors, Auditors and Audit Committee thereon.
2. To re-elect the following Directors retiring by rotation:
a. Erelu Angela Adebayo
b. Mr. Tony Uponi
3. To authorise the Directors to fix the remuneration of the Auditors.
4. To elect members of the Statutory Audit Committee.
In view of the COVID-19 pandemic, attendance at the Annual General Meeting shall only be by proxy. A member entitled to attend and vote at the Annual General Meeting is advised to select from the underlisted proposed proxies, to attend and vote in his stead:
1. Mr. Kayode Falowo
2. Erelu Angela Adebayo
3. Mr. Osa Osunde
4. Mr. Olutoyin Okeowo
5. Sir. Sunny Unwoso (KSS)
6. Alhaja Ayodele Kudaisi
All instruments of proxy must be deposited at the office of the Registrar, Greenwich Registrars & Data Solutions Limited 274, Murtala Muhammed Way, Alagorme}ji, Yaba, Lagos or via email at firstname.lastname@example.org not later than 48 hours before the time fixed for the Annual General Meeting. A blank proxy form is supplied in the Annual Reports and may also be downloaded from the Company website at www.meyerpaints.com.
(b) Audit Committee Members
In accordance with Section 359(5) of the Companies and Allied Matters Act (Cap. C20 Laws of the Federation of Nigeria 2004), any shareholder may nominate another shareholder for election as a member of the Audit Committee by giving notice in writing of such nomination to the office of the Company Secretary, at Marriot Solicitors, 1SE Muri Okunola Street, off Ajose Adeogun Street, Victoria Island, Lagos, at least twenty- one (21) days before the Annual General Meeting.
The Code of Corporate of Corporate Governance by the Securities & Exchange Commission indicates that some of the members of the Audit Committee should have basic financial literacy and be knowledgeable in internal control processes. In view of the same, we hereby request that nominations be accompanied by a copy of the nominee's curriculum vitae.
(c) Live Streaming of AGM
To enable shareholders and other stakeholders who will not be attending physically to follow the proceedings the AGM will be streamed live. The link for the AGM live streaming will be made available on the Company's website at www.meyerpaints.com
(d) Closure of Register of Members
The Register of Members and transfer of books will be closed between Tuesday, 9% June 2020 and Tuesday, 16Â° June 2020 (both dates inclusive) for the purpose of Preparing an up-to-date Register.
(e) Unclaimed Dividend Warrants
A number of dividend warrants have remained unclaimed or are yet to be presented for payment or returned to the Company for revalidation. Affected Shareholders are advised to Kindly contact Greenwich Registrars & Data Solutions Limited 274, Murtala Muhammed Way, Alagomeyji, Yaba, Lagos.
(f) E-Annual Report
The electronic version of the 2019 Annual Report is available at www.meyerpaints.com. In order to improve delivery of our Annual Report, we have inserted an Update form in the Annual Report and hereby request shareholders to complete the form by providing their contact and any other requested details and thereafter return same to the Registrars for further processing.
(g) To re-elect Directors
In accordance with the provisions of the Articles of Association of the Company regarding retirement of directors by rotation, the directors to retire by rotation are Erelu Angela Adebayo and Mr. Tony Uponi, who belng eligible have offered themselves for re-election at the 48th Annual General Meeting.
(h) Rights Of Securities' Holders To Ask Questions
Securities' Holders have a right to ask questions not only at the Meeting writing prior to the meeting, and such questions must be submitted to the Company vie email email@example.com not later than two weeks before the date of the meeting.
Visit Meyer Plc IR Page in Proshare MARKETS
Graph - One Year Share Price Movement
Table: Q1 2020 Unaudited Results