SKYAVN To Hold 10th AGM on June 30, 2020; Lists Proxies

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Monday, June 15, 2020 / 1:25 PM / NSE / Header Image Credit: PulseNG


Notice is hereby given that the 10th Annual General Meeting of SKYWAY AVIATION HANDLING COMPANY PLC ('SAHCO') will hold at SAHCO COMPLEX, Cargo Terminal, Murtala Muhammed International Airport, Ikeja, Lagos. on Tuesday 30 June 2020 at 11:00 am to transact the following business:

A. Ordinary business

  1. TO receive and consider the company's audited financial statements for the year ended December 31, 2019 and the Reports of the Directors, Auditors and Statutory Audit Committee.
  2. TO declare dividend.
  3. TO elect/re-elect Directors.
  4. TO authorise the Directors to fix the remuneration Of the Auditors.
  5. TO elect/re-elect members Of the Statutory Audit Committee.
  6. To appoint/re-appoint Auditors.

B. Proxy

A member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote in his/her/its stead. A proxy need not be a member of the Company. To validate the appointment of a Proxy, a duly completed Proxy Form must be sent to the Company Secretary Mrs. Omolara Bello by e-mail at lara.bello@sahcol.com or the Company's Registrars, First Registrars and Investor Services Limited, Plot 2, Abebe Village Road, P.M.B. 12692, Lagos, Nigeria not less than 48 hours before the time fixed for the meeting. A proxy form is contained in the Annual Report shall also be made available on the Company's website at www.sahcoplc.com.

 

Notes

1. Proxy

In accordance with the guidelines issued by the Corporate Affairs Commission (CAC) on the conduct of Annual General Meetings via proxies in Nigeria as part of the measures to mitigate the negative effect created by the current Coronavirus (Covid-19) pandemic, Skyway Aviation Handling Company Plc. (SAHCO) requests every member who is entitled to attend and vote at the Company's 10th  Annual General Meeting to appoint a proxy from the list of designated individuals to attend and vote in his/her/its stead. Attendance of the Annual General Meeting shall be by proxy only.

i. Dr Taiwo Afolabi

ii. Mr. Kayode Filani

iii. Mr. Anogwi Anyanwu


2. Dividend

The Board of Directors of the Company has recommended a dividend of 16.5k (Sixteen and a half kobo) per share which is payable less the appropriate withholding tax at the time of payment. If approved by Shareholders at the Annual General Meeting, Shareholders whose names are on the Register of Members as at Tuesday 16 June 2020 and who have completed the e-dividend registration and mandate forms will receive direct credit of the approved dividend into their bank accounts on the date of the Annual General Meeting.


3. E-Dividend Mandate

Notice is hereby given to all shareholders to open bank and CSCS accounts for prompt receipt of dividend payments and in accordance with the directive from the Securities and Exchange Commission. Details of such accounts should be sent to the Registrars. A detachable e-dividend form is attached to the Annual Report and Accounts. The forms can also be downloaded from the Registrars website at https://firstregistrarsnigeria.com/wpcontent/uploads/2015/06/E-Dividend-New-1.pdf, or the Company's website at www.sahcoplc.com. The duly completed forms should be returned to the Registrars or Company Secretary, not less than 48 hours.


4. E-Annual Report

The electronic version of the Annual report is available at www.sahcoplc.com. Shareholders who wish to receive the electronic version of the Annual Report should provide their email addresses to the Company Secretary, Mrs. Omolara Bello via e-mail at lara.bello@sahcol.com


5. Election of the Statutory Audit Committee

The Company's Audit Committee consists of 3 Shareholders and 3 Directors. In accordance with S.359 (5) of the Companies and Allied Matters Act, CAP C20 Laws of the Federation of Nigeria 2004, any member may nominate a shareholder for election as a member Of the Audit Committee by giving notice in writing of such nomination to the Company Secretary at least 21 days before the Annual General Meeting. The Securities and Exchange Commission in its Code Of Corporate Governance for Public Companies require at least one member of the Audit Committee to have basic financial literacy and to be knowledgeable in accounting, Internal control processes and financial management. Consequently, a detailed resume disclosing requisite qualification should be submitted with each nomination.


6. Closure of Register of Members

The Register of Members will be closed from Wednesday 17 June to Tuesday 23 June 2020 (both days inclusive) to enable the Registrar update the register and prepare for the payment of dividend.


7. Re-election of Directors

In accordance with the provisions of Section 259 of the Companies and Allied Matters Act CAP C20 LFN 2004, one-third of the Directors are retiring and presenting themselves for re-election at the Company's AGM.


8. Profile Details of Directors for Re-election/Approval

The profile details of Directors submitted for approval or re-election are contained in the Company's Annual Report and on the Company's website at www.sahcoplc.com


9. Appointment/ Re-appointment of Auditors 

In accordance with S. 357 of the Companies and Allied Matters Act, 1990, the Auditors, due to retire by rotation at the 10 Annual General Meeting and being approved by the Company for presentation to the Company's Shareholders for re-appointment at the 10th Annual General Meeting is Gbenga Badejo & Co. (Chartered Accountants).


10. Website

A copy of this Notice and other information relating to the meeting can be found at www.sahcoplc.com


11. Questions from shareholders

Shareholders and other holders of the Company's securities reserve the right to ask questions not only at the meeting but also in writing prior to the meeting on any item contained in the Annual Report and Accounts. Please send questions, comments or observations to the Company Secretary by e-mail to lara.bello@sahcol.com not later than Wednesday, 24 June, 2020. Questions and Answers will be presented during the Annual General Meeting.

 

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