Tuesday, June 18, 2019 11:130AM / NSE
Notice is hereby given that the 42nd Annual General Meeting of Ikeja Hotel Plc will hold at Sheraton Hotel Lagos, 30 Mobolaji Bank-Anthony Way, Ikeja on Monday, the 22 of July 2019 at 11. 00a.m to transact the following business:
A member of the Company entitled to attend and vote at the meeting who is unable to attend the meeting and wishes to be represented at the meeting is entitled to appoint a proxy to attend, speak and vote in his/her stead. A proxy need not be a member of the Company. A Proxy Form is enclosed herewith, and if it is to be valid for the purpose of the meeting, it must be completed and duly stamped by the Commissioner of Stamp Duties and deposited at the registered office of the Registrars, Greenwich Registrars & Data Solutions, 274 Murtala Muhammed Way, Yaba Lagos not less than 48 hours before the time of the meeting.
II. RETIREMENT/RE-ELECTION OF DIRECTORS
Mr. Abatcha Bulama, Mr. Toke Alex-lbru and Mr. Kunle Aluko are retiring by rotation at the current meeting in line with Section 259 of CAMA. The retiring Directors, being eligible, are offering themselves for re-election as Directors at the AGM.
The profiles of the Directors are contained in the Annual Report and on the Company’s website.
III. NOMINATIONS FOR THE 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 for election 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. Such nominations should be guided by the requirements of the Securities and Exchange Commission’s Code of Corporate Governance for Public Companies in Nigeria, 2011.
A copy of this notice and other information relating to the meeting can be found on the Company’s website at www.ikejahotelplc.com
V. RIGHT OF SHAREHOLDERS TO ASK QUESTIONS
Pursuant to Rule 19.12 (c) of the Nigerian Stock Exchange’s Rulebook, 2015, please note that it is the right of every shareholder to ask questions not only in the meeting but also in writing prior to the meeting. We urge that such questions be submitted to the Company Secretariat not later than July 8, 2019.
VI. CLOSURE OF REGISTER
In accordance with Section 89 of Company and Allied Matters Act (CAMA), please note that the Register of Members and transfer books of the Company will be closed from Friday 12 of July 2019 to Thursday 18% July 2019, both dates inclusive.
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Graph 1: Ikeja Hotel Plc – One Year Share Price Movement
Table: Unaudited Q1 2019 Results