Monday, May 11, 2020 / 6:49 PM / NSE / Header Image Credit: Lafarge Africa
Notice is hereby given that the 61st Annual General Meeting (AGM) of Lafarge Africa Plc ("the Company") will hold at the Lavendar Room, Eko Hotel and Suites, Plot 1415 Adetokunbo Ademola Street, Victoria Island, Lagos, on Wednesday, 3rd June 2020 at 10am to transact the following business:
To consider and if thought fit, to transact the following Ordinary Business, which will be proposed as Ordinary Resolutions:
1. To lay the Audited Financial Statements for the year ended 31st December 2019 together with the Report of the Directors, External Auditors and Audit Committee thereon;
2. To declare a dividend recommended by the Board of Directors of the Company in respect of the financial year ended 31st December 2019;
3. To approve the appointment of the following Directors:
a. Mr. Marco Licata (Non-Executive Director)
b. Mr. Khaled El Dokani (Executive Director)
c. Mr. Gbenga Oyebode MFR (Independent Non-Executive Director)
d. Mr. Olivier Guitton (Non-Executive Director)
e. Mr. Lolu Alade-Akinyemi (Executive Director)
4. To re-elect the Non-Executive Directors, who being eligible now offer themselves for re-election:
a. Mr. Grant Earnshaw
b. Mrs. Karine Uzan-Mercie
5. To authorize the Directors to fix the remuneration of the External Auditors.
6. To elect members of the Audit Committee.
The Directors of the Company be and are hereby authorized to approve, sign and/or execute other documents as may be necessary to give effect to the above resolutions, including without limitation, complying with the directives of any regulatory authority, and all acts carried out, steps taken and documents executed (or to be executed), by the Directors of the Company in connection with the above resolution be and are hereby approved and/or ratified as the case may be to give effect to these resolutions and, where applicable, to fi le and/or register same with the Corporate Affairs Commission.
A member of the Company entitled to attend and vote at the Annual General Meeting can appoint a proxy to attend and vote instead of him/her.
In view of the current Covid-19 pandemic, the directives to minimize social contacts by restricting the number of persons at public gatherings and in accordance with the Corporate Af airs Commission's Guidelines on Holding of Annual General Meetings (AGM) of Public Companies by taking advantage of Section 230 of the Companies and Allied Matters Act (CAMA) using Proxies, all members are hereby advised that attendance for the meeting shall be by PROXY ONLY.
A member of the Company entitled to attend and vote at the above meeting is entitled to appoint a proxy to attend and vote in his/her place. A proxy need not be a member of the Company. Consequently, members are required to appoint a proxy of their choice from the list of the proposed proxies to represent them at the meeting: a) Mr. Mobolaji Balogun (Chairman), Mr. Khaled El-Dokani (GMD/CEO) and Mrs. Adewunmi Alode (Company Secretary).
A proxy form is enclosed in the Annual Report. For the instrument of proxy to be valid, it must be completed, duly stamped for the purposes of this meeting, the Company has made arrangements at its cost for the stamping of the duly completed proxy forms which must be deposited at the office of the Registrar, CardinalStone Registrars Limited, 358, Herbert Macaulay way, by St. Dominic Catholic Church, Sabo, Yaba, Lagos or by email to registrars@cardinalstone. com, not less than 48hours before the time fixed for the meeting.
If the dividend recommended by the Directors is approved, dividend will be paid on Wednesday, 3rd June 2020 to shareholders whose names appear in the Register of Members at the close of business on Thursday, 30th April 2020.
Notice is hereby given to all shareholders to open bank accounts, stockbroking accounts and CSCS accounts for the purpose of dividend. Detachable application forms for the e-dividend is attached to the Annual Report to enable all shareholders furnish particulars of their bank accounts to the Registrar as soon as possible. The e-dividend form is also available on the website of our Registrar www.cardinalstoneregistars.com.
Closure of Register of Members
The Register of Members and Transfer Books of the Company will be closed from Monday, 4th May 2020 to Friday 8th May 2020 (both dates inclusive) to enable the Registrar update its records.
Nominations for the Audit Committee
A nomination in writing by any shareholder for election to the Audit Committee should reach the Company at least twenty-one (21) days before the date of Annual General Meeting in accordance with Section 359 (5) of the Companies and Allied Matters Act.
The list of unclaimed dividend can be accessed at the Registrar's office or via the Company's website: www.lafarge.com.ng
Right to Ask Questions
It is the right of shareholders to ask questions not only at the Annual General Meeting but also in writing prior to the meeting. Such questions should be addressed to the Company Secretary and submitted at the registered office of the Company not later than one week before the Annual General Meeting.
The profile of the Directors for re-election can be assessed on the Company's website: www.lafarge.com.ng
Electronic Annual Report
The electronic version of the Annual Report will be available online for viewing and download from our website: www.lafarge.com.ng. Shareholders who have provided their email addresses to the Registrar will receive the electronic version of the Annual Report via email.
Visit Lafarge Africa Plc IR Page in Proshare MARKETS
Graph - One Year Share Price Movement
Table: 2019 Audited Results