INITSPLC Notifies of Resolutions Passed At Its 21st AGM


Wednesday, August 12, 2020 / 10:15 PM / NSE / Header Image Credit: The Initiates Plc

At the 21st Annual General Meeting of The Initiates Plc, held at Best Premier Hotels & Resorts, Aba Expressway, KM16, Opposite Intels, Port Harcourt, Rivers State on Thursday, 6th August, 2020, all Resolutions set out in the Notice of Annual General Meeting were put to the Shareholders and the following Resolutions were duly passed by the requisite majority;

1.     That the Audited Financial Statements as at December, 31st 2019, the report of the Directors, the Audit Committee, Auditor's report be carried;

2.      That Mr.Joe Anosikeh and Prof.Edward Alikor are hereby re-elected;

3.     That the External Auditors are hereby re-appointed;

4.     That the Directors are authorized to fix the remuneration of Auditors;

5. That Mr. Christian Ugochukwu Nwanma and Sir Enoch Iwueze, i.e. the Shareholders representatives of the Audit Committee are hereby re-appointed. The following constitute members of the Audit Committee: Mr. Christian Ugochukwu Nwanma, Sir. Enoch Iwueze, Mr. Joseph Ebinum and Prof.Edward Alikor.

Special Business:

6.      The approval of the remuneration of Directors be carried

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