AIICO Insurance Plc Notifies on Resolutions Passed at the 51st AGM

Proshare

Wednesday, December 1, 2021 / 05:10 PM / NGX / Header Image Credit: AIICO Insurance Plc


At the 51st Annual General Meeting of AIICO Insurance Plc (the Company) held at Lagos Marriot Hotel, 122, Joel Ogunnaike Street, Ikeja, Lagos on Tuesday, November 30, 2021, the following resolutions were duly passed:

  1. That the Reports of the Directors, Auditor, External Consultant on the Board Appraisal and Audit Committee together with the Audited Accounts for the financial year ended December 31, 2020 submitted to the meeting be and are hereby received and adopted.
  2. That the following Directors be and are hereby duly re-elected:

i.       Mr. Ademola Adebise(NED)

ii.     Mr. Samaila Zubairu (NED)

  1. That Messrs. ERNST & YOUNG (E&Y) Professional Services be re-appointed as the Company's Auditor until the end of the current financial year and that the remuneration and expenses of the Company's Auditor Messrs. ERNST & YOUNG Professional Services be fixed by the Directors in respect of the period ending at the conclusion of the next Annual General Meeting.
  2. That the remuneration of the Managers of the Company be and is hereby disclosed to members at the Annual General Meeting
  3. That the following shareholders' representatives be and are hereby elected as members of the Company's Statutory Audit Committee:

o   Mrs. Esther Funke Augustine

o   Chief Robert Igwe

o   Chief Edmund Uzoma Njoku.

That that the following Directors be and are hereby appointed to represent the Board on the Statutory Audit Committee:

o   Mr. Samaila Dalhat Zubairu

o   Mr. Raimund Snyders

  1. Declaration of 12 new ordinary shares of 50k each for every 9 shares in issue, held as at 23rd November 2021 payable as follows:

a.      8 new ordinary shares of 50k each for every 9 shares in issue, payable from the share premium account

b.      4 new ordinary shares of 50k each for every 9 shares in issue payable from the retained earnings account and that the Board be and is hereby authorized to take all necessary steps to give effect to the resolutions.


Visit AIICO Insurance Plc IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.

 

Table: Q3 2020 Unaudited Results

Proshare Nigeria Pvt. Ltd.


Related News

1.       GCR Affirms AIICO Money Market Fund's National Scale Fund Rating; Outlook Stable

2.      AIICO Insurance Plc Reports N2.4bn PAT in Q3 2021 Results,(SP:N0.95k)

3.      FCMB Pensions Ltd Acquires 60% Stake in AIICO Pension Managers Ltd

4.      AIICO Notifies of Board Meeting Date and Commencement of Closed Period

5.      AIICO Declares N7.1bn PAT in Q4 2020 Results, (SP:N1.25k)

6.      AIICO Notifies of Dealing in 27m Volume of Shares by DF Holdings Ltd

7.       AIICO Notifies of Dealing in 475m Volume of Shares by DF Holdings Ltd

8.      AIICO Announces Change in Qualification Date Arising from Public Holidays

9.      AIICO Notifies of Resolutions Passed at its 50th AGM

10.  AIICO Declares N5.4bn PAT in Q3 2020 Results, (SP:N0.86k)

 

READ MORE:
Related News
SCROLL TO TOP