Friday, June 26, 2020 / 4:27 PM / NSE / Header Image Credit: Livestock Feeds Plc
Notice is hereby given that the 55th ANNUAL GENERAL MEETING of the Members of LIVESTOCK FEEDS PLC will be held at 1, Henry Carr Street, Ikeja, Lagos State on Thursday 23rd July, 2020 at 10.00am to transact the following businesses:
1. To lay before the Members, the Report of the Directors, the Financial Statements of the Company for the year ended December 31, 2019 together with the Reports of the Auditors and the Audit Committee thereon
2. To elect and re-elect Directors
3. To authorize the Directors to fix the remuneration of the Auditors
4. To elect members of the Audit Committee
5. To fix the remuneration of the Directors
6. To renew the general mandate given to the Company to enter into recurrent transactions with related parties.
Any member of the Company 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 need not be a member of the Company. A proxy form must be completed and deposited at the office of the Company's Registrar, Cardinal Stone (Registrars) Limited, 358 Herbert Macaulay Way, Yaba, Lagos or send via email to firstname.lastname@example.org not later than 48 hours before the time fixed for the meeting.
Compliance with COVID-19 Related Directives And Guidelines
The Federal Government of Nigeria, State Governments, Health Authorities, and Regulatory Agencies have each issued a number of directives and guidelines aimed at curbing the spread of Covid-19 in Nigeria. Particularly, the Lagos State Government prohibited the gathering of more than 20 People whilst the Corporate Affairs Commission issued Guidelines on holding of Annual General Meetings by proxy. The convening and conduct of this Annual General Meeting shall be done in compliance with these directives and Guidelines.
Attendance by Proxy
In line with the CAC Guidelines, attendance at the AGM shall be by proxy only. Shareholders are required to appoint a proxy of their choice from the list of nominated proxies below:
(i) Dr. Joe Dada
(ii) Mr. Adegboyega Adedeji
(iii) Aare Kamorudeen Ajao Danjuma
(iv) Mr. Olufemi F. Oduyemi
All completed proxy forms should be sent to the Registrars, Cardinal Stone (Registrars) Limited, 358 Herbert Macaulay Way, Yaba, Lagos or send by email to email@example.com
Stamping of Proxy Forms
The Company has made arrangement at its cost for the stamping of duly completed and signed proxy forms submitted to the Company's Registrars within the stipulated timeline
Live Streaming of The AGM
The Annual General Meeting will be streamed live. This will enable shareholders and other stakeholders who will not be attending physically to follow the proceedings. The link for the AGM live stream would be made available at the Company's website at www.livestockfeedsple.com
Closure of Register And Transfer Books
The Register of Members and Transfer Books will be closed from Monday July 6, 2020 to Friday July 10, 2020 both days inclusive for the purpose of updating the Register of Members.
Nomination to The Statutory Audit Committee
The Audit Committee consists of three (3) shareholders and three Directors. Any member can nominate a shareholder as a member of the Committee by giving notice in writing of such nomination to the Company Secretary at least twenty-one (21) days before the Annual General Meeting. The Securities & Exchange Commission's Code of Corporate Governance for Public Companies has indicated that members of the Audit Committee should have basic financial literacy and should be able to read Financial Statements. We therefore request that nominations be accompanied by a copy of the nominee's curriculum vitae.
Right of Securities' Holders to Ask Questions
Shareholders and other holders of the Company's securities 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 Friday July 17, 2020.
Unclaimed Share Certificates and Dividend Warrants
Shareholders are hereby informed that a sizeable quantity of share certificates and dividend warrants have been returned to the Registrars are unclaimed. Some dividend warrants have neither been presented to the Bank for payment nor to the Registrar for revalidation. Affected members are advised to contact the Registrars, Cardinal Stone (Registrars) Limited) at 358 Herbert Macaulay Way, Yaba, Lagos during normal business hours, email them at firstname.lastname@example.org or call them on 01-7120090.
Record Of Director's Attendance At Board Meetings.
In accordance with Section 258(2) of the Companies and Allied Matters Act, CAP C20 LFN 2004, the record of Directors' attendance at Board Meetings during the year 2019 will be available for inspection at this Annual General Meeting.
Directors Retiring by Rotation
In accordance with the Articles of Association of the Company, Messrs Godwin Abimbola Samuel and Daniel Obaseki are the Directors retiring by rotation at the meeting and being eligible have offered themselves for re- election.
Also in accordance with the Law, Mr. Adebolanle Badejo, having been appointed to the Board since the last Annual General Meeting, offers himself for election at the meeting as required by law.
The biographical details of the three Directors are contained in the Annual Report and on the Company's website at www.livestockfeedsplc.com
E- Annual Report
The electronic version of the Company's 2019 Annual Report is available at the Company's website www.livestockfeedsplc.com shareholders who have provided their email-addresses to the Registrars will receive the electronic version of the Annual Report through e-mail. Furthermore, shareholders who are interested in receiving the electronic version of the Annual Report should please make a request by email to the Registrar at email@example.com
Pursuant to the directives by the Securities and Exchange Commission, notice is hereby given to all shareholders to open bank accounts, stock-broking accounts and CSCS accounts for the purpose of e-dividend/bonus. A form is attached to the Annual Report for completion by the shareholders to furnish the particulars of their accounts to the Registrar (Cardinal Stone Registrars Limited) as soon as possible.
Visit Livestock Feeds Plc IR Page in Proshare MARKETS
Graph - One Year Share Price Movement
Table: 2019 Audited Results