Monday, September 02, 2019, 05:55PM /NSE / Header Image Credit: Honeywell Flour Mills Plc
Notice is hereby given that the 10th Annual General Meeting of Honeywell Flour Mills Plc will hold as follows:
Date: Thursday, 26th September, 2019
Venue: Civic Centre Ozumba Mbadiwe Street Victoria Island, Lagos
The following will be transacted at the meeting:
1. To receive the Audited Financial Statements for the year ended 31 March, 2019 together with the Report of the Directors, Independent Auditors and Audit Committee thereon,
2. To re-elect retiring Directors
3. To appoint a new independent Auditor to replace the retiring auditor, Messrs BBC professionals. Notice is hereby given that the proposed independent Auditor to be appointed is Baker Tilly Nigeria
4. To authorize the Directors to fix the remuneration of the Auditor
5. To elect members of the Audit Committee.
6. To consider and if thought fit, pass the following resolution as an Ordinary Resolution of the Company:
"That, pursuant to the Rules Governing Transactions with Related Parties or Interested Persons issued by the Nigerian Stock Exchange, a general mandate be and is hereby given authorizing the Company to enter into recurrent related party transactions for Its day to day operations, including the procurement of goods and services, on normal commercial terms. The Directors be and are hereby authorized to complete and do all such acts and things required to give effect to the transactions as authorized by this Ordinary Resolution"
Any member of the Company who is entitled to attend and vote at this meeting is also entitled to appoint a proxy to attend and vote in his/her stead. A proxy needs not be a member of the Company. A proxy form is enclosed herewith. A proxy form must be completed and deposited at the office of the Company's Registrar, First Registrars & Investor Services Limited, 2 Abebe Village Road, iganmu Lagos not later than 48 hours before the time fixed for the meeting.
"In accordance with Section 359(5) of CAMA, 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 21 days before the Meeting. The Code of Corporate Governance issued by the Securities and Exchange Commission stipulates that members of the Audit Committee should have basic financial literacy and should be able to read financial statements. Consequently, a detailed curriculum vitae confirming the nominee's qualification should be submitted with each nomination.
Closure of Register and Transfer Books
The Register of Members and Transfer books will be closed from Monday 9 September, 2019 to Friday 13 September, 2019, both days inclusive for the purpose of updating the Register of Members.
Rights of Shareholders to Ask Questions
Shareholders have a right to ask questions not only at the meeting, but also in writing prior to the meeting. Such questions should be addressed to the Company Secretary and-submitted to the Company's offices or by electronic mail at firstname.lastname@example.org not later than 7 days before the Meeting.
In order to improve efficiency and delivery of our Annual Report, we have inserted a detachable Form in the Annual Report and hereby request Shareholders who wish to receive their Annual Report in electronic format to complete and return the Form to the Registrars for further processing, In addition, Annual Reports are available online at our website www.honeywellflour.com
Shareholders are advised to open bank and CSCS accounts for prompt receipt of dividend payments and in accordance with the directive from the Securities and Exchange Commission. Details of such accounts should be sent to the Registrars. A detachable e-dividend form is attached to the Annual Report and Accounts. The form may also be downloaded from the Company's website.