Thursday, May 23, 2019 5:15PM / NSE
Notice is hereby given that the 7th Annual General Meeting of Jaiz Bank Plc will be held at Shehu Musa Yar'Adua Center, Central Business District, Abuja on Wednesday 26th June, 2019 at 11 am to transact the following business:
To consider and if approved, to pass, with or without modification, the following ordinary resolution to fix the remuneration of the Non-Executive Directors:
“It is hereby resolved that the fees, payable annually to Directors in arrears be increased from N5,000,000.00 (Five Million Naira) to N10,000,000.00 (Ten Million Naira) per annum for the Chairman and from N4,000,000.00 (Four Million Naira) to N8,000,000.00 (Eight Million Naira) per annum for all other Non-Executive Directors”.
A member of the Company entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy in his stead. A proxy need not be a member of the Company. A form of proxy is enclosed in the Annual Report and can also be downloaded from the Bank's website at http://www. jaizbankplc.com.
For the purpose of this meeting, a proxy form must be completed, stamped, and deposited at the office of the Registrar, Africa Prudential Plc. (Formerly UBA Registrars Limited) 220B Ikorodu Road, Palmgrove, Lagos, Nigeria, not later than 48 hours before the time fixed for the meeting.
2. Nomination to the Audit Committee
In accordance with Section 359(5) of the Companies & Allied Matters Act, 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 2 days before the Annual General Meeting. A member of the Audit Committee is required to be financially literate and be knowledgeable in internal control processes. Consequently, a detailed resume should be submitted along with each nomination.
The Register of Members and Transfer Books of the Bank will be closed on 14th June, 2019 to enable the Registrars prepare the Register of Shareholders for the meeting.
Securities’ Holders have a right to ask questions not only at the meeting, but also in writing prior to the meeting, and such questions must be submitted to the Company on or before 14th June, 2019.
The Bank notes that some share certificates were returned through the post and marked “Unclaimed”, therefore, Shareholders with ‘unclaimed share certificates” are advised to contact the Company's Registrars at the address stated above, or the Company Secretary at the Bank's Registered address stated below, or any of the Bank's branches. Shareholders are also encouraged to update their contact information as such information change. Change of Address Form can be downloaded from the Bank's Website stated above. All requests should be addressed to the Registrars of the Bank or the Company Secretary at the Bank's registered address stated below.
A copy of this Notice, Biographical details of Directors standing for election, re-election, and other information relating to the meeting, as well as the full version of the Annual Reports and Financial Statements can be downloaded from the Bank's website stated above.
In order to improve delivery of our Annual Reports, we hereby request that shareholders who wish to receive Annual Reports and other statutory reports of Jaiz Bank Plc in electronic format should download the E-Report Request Form from the Bank's Website stated above, complete and return the form to the Bank's Registrars or Company Secretary for further processing.
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Graph 1: Jaiz Bank Plc – One Year Share Price Movement