PZ Notifies of Resolutions Passed at its 72nd AGM


Tuesday, February 16, 2021 / 9:04PM / NSE / Header Image Credit: YouTube; PZ Cussons 

The following resolutions were tabled and approved by shareholders at the 72nd Annual General Meeting of PZ Cussons Nigeria Plc which held on Friday, 29 January 2021:

Ordinary Business

  1. The Report of the Directors, Financial Statements for the year ended 31 May 2020, the Report of the Auditors and the Audit Committee thereon.
  2. A dividend at the rate of 10k per share amounting to Three Hundred and Ninety Seven Million, Forty Seven Thousand, Seven Hundred and Four Naira, Fifty Kobo only (N397,047,704.50) for the year ended 31 May 2020 was declared out of the profits for the year ended 31st May 2020 and approved.
  3. Re-election and election of Directors: Mrs. Elizabeth Ebi and Mr. Georgios Sotiropoulos who retired by rotation were re-elected. The appointments of Mr. Gbenga Oyebode, Mr. Panagiotis Katsis and Mr. Zuber Momoniat who were appointed after the last AGM were approved by shareholders.
  4. To authorise the Directors to fix the remuneration of the Auditors.
  5. Election of members of the Audit Committee: The members of the Audit Committee for the financial year 2020/2021 are Mrs. Ebi, Mr. Usoro, SAN and Mr. Sotiropoulos.
  6. Mr. Akinduro, Chief Obarinde and Honourable Nwabughogu were returned unopposed as Shareholders' representatives for the Audit Committee.

Special Business

7.      Directors' remuneration for the financial year 2020/2021 was proposed and approved.

8.      Shareholders also approved the mandate to enter into transactions with related parties for the Company's day-to-day operations.

Retirement - Alhaji Lawal Tukur Batagarawa

Mallam Dahiru Muhammad, retired as Independent Non-Executive Director of the Company on 31 January 2021.


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Table:  Q3 2020 Unaudited Results

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