OMATEK Announces Board Meeting Resolutions


Monday, November 04, 2019 / 6:10 PM / NSE / Header Image Credit: Omatek

At the Meeting of the Board of Directors of 
Omatek Ventures Plc (Omatek or the Company) held on the 31st day of October, 2019, at the Muson Center, Onikan, Lagos; it was resolved as follows:

1.     That the Annual General Meeting of the Company for the financial years ended 31*t December 2015, 2016, 2017 and 2018 be fixed during the next Board Meeting scheduled for the first quarter of the year 2020.


2.  That, In the matter of the Company and the Bank of Industry (BOI or the Bank), a speedy resolution be sought as soon as possible, by making an offer to the Bank to allow the Company keep the factory and the entire stock contained therein, and that the unoccupied part of the premises be accepted by the Bank as settlement of the debt; and that the Bank should allow the Company to participate in the N-Power ICT Empowerment program of the Federal Government, given that Omatek as an Original Equipment Manufacturer (OEM) has the capacity, experience and after sales support service required to implement the program.


3.      That the said resolutions are with immediate effect.


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