Friday, March 5, 2021 / 11:50AM / NSE / Header Image Credit: Business Times
Notice is hereby given that the 52nd Annual General Meeting of Nestle Nigeria Plc will be held at its Head Office, 22-24, Industrial Avenue, llupeju, Lagos, on Tuesday, 22 June 2021 at 11 o'clock in the forenoon for the following purposes:
8. To fix the remuneration of Directors
9. To consider and pass the following resolution as an ordinary resolution of the Company:
"That the general mandate given to the Company to enter into recurrent transactions with related parties for the Company's day-to-day operations, including the procurement of goods and services, on normal commercial terms in compliance with the NSE Rules Governing Transactions with Related Parties or Interested Persons be and is hereby renewed".
In view of COVID-19 pandemic, the restriction on mass gatherings in the Coronavirus Disease (COVID-19) Health Protection Regulations 2021 and in line with the Guidelines issued by the Corporate Affairs Commission on holding AGMs using proxies, attendance at the AGM shall only be by proxy. Consequently, a member entitled to attend and vote at the AGM is advised to select from the underlisted proposed proxies to attend and vote in his / her stead.
a) Mr. David Ifezulike g) Mr. Nornah Awoh
b) Mr. Matthew Akinlade h) Mr. Wassim Elhusseini
c) Mr. Christopher Nwaguru i) Sir. Sunny Nwosu
d) Alhaji Kazeem Owonikoko Bello j) Mr. Goenga Oyebode
e) Mrs. Bisi Bakare k) Mr. Anthony Omojala
f) Chief Timothy Adesiyan i) Mr. Boniface Okezie
A proxy form is attached to the Annual Report. All instruments of proxy must-be deposited at the office of the Company's Registrars, Greenwich Registrars & Data Solutions Limited, 274 Murtala Muhammed Way, Alagomeji, Yaba, Lagos, P.M.B. 12717, Lagos or via E-mail: email@example.com not later than 48 hours before the time of the meeting. The Company has made arrangements to bear the cost of stamp duties on the instruments of proxy.
Dividend Payment and Closure of Register of Members:
if the dividend recommended by the Directors is approved, dividend will be paid on Wednesday, 23 June 2021 to shareholders whose names are registered in the Company's Register of Members at the close of business on Friday, 21 May 2021. Notice is therefore hereby given that the Register of Members and Transfer Books of the-Company will be closed from Monday, 24 May 2021 to Friday, 28 May 2021, both dates inclusive, to enable the preparation and payment of dividend.
Nominations for the Audit Committee: The Audit Committee consists of 3 Shareholders-and 2 Non-Executive Directors. in accordance with Section 404 of the Companies and-Allied Matters: Act, 2020, (CAMA) any member may nominate a shareholder for election as a member of the Audit Committee by giving in writing, notice of such nomination to the Company Secretary.at least 21 days before the Annual General Meeting. We request shareholders to note Section 404 (5) of CAMA which provides -that "All members of the Audit Committee shall be financially literate, and at least one member shall be a member of a professional accounting. body in Nigeria established by an Act of the National Assembly".
Unclaimed Dividend: Several dividend warrants remain unclaimed or are yet to be presented for payment or returned to the Registrars for revalidation. A list of such members will be circulated with the Annual Report and Financial Statement and advertised in two national newspapers as provided by CAMA. Members affected are advised to complete the e-dividend registration or write to or call at the office of the Company's Registrars, Greenwich Registrars & Data Solutions Limited, 274 Murtala Muhammed Way, Alagomeji, Yaba, Lagos, P. M.B. 12747, Lagos during normal working hours.
Notice is hereby given to all shareholders to-open bank accounts, stock broking accounts-and CSCS accounts-for the purpose of dividend/bonus: A detachable application form for Ã©-dividend and e-bonus is attached to this Annual Report to enable all shareholders furnish particulars of their accounts to the Registrars, (Greenwich Registrars & Data Solutions Limited) as soon as possible. We request our shareholders to use the e-dividend payment portal that will serve as an on-line verification and communication medium for e-dividend mandate processing through the new E-Dividend Mandate Management System jointly introduced by the. Central Bank of Nigeria, Securities and Exchange. Commission, Nigeria inter-Bank. Settlement Systems PLC and the Institute of Capital Market Registrars:
The letter from Greenwich Registrars & Data Solutions Limited explaining the new initiative is included in the Annual Report and Accounts.
Rights of Securities Holders to Ask Questions:
Securities holders have a right to ask: questions not only at the meeting, but also in writing prior to the Meeting, and-such questions should be addressed to the Company Secretary and submitted to the registered office of the Company at least a week before the meeting.
Electronic Annual Report:
The soft copy of the 2020 Annual Report can be accessed on our website and will be sent to our shareholders who have provided their email addresses to the Registrars. Shareholders who are interested in receiving the-soft copy of the 2020 Annual Report should request via email to: firstname.lastname@example.org
Visit Nestle Nigeria Plc IR Page in Proshare MARKETS
Graph - One Year Share Price Movement
Table: 2020 Audited Results