SEC Reinstates DEAPCAP's Board


Monday, June 29, 2020 / 12:05 PM / NSE / Header Image Credit: African Financials

Deap Capital Management & Trust Plc. (DEAP CAP) is pleased to inform its shareholders and the investing public that the Securities and Exchange Commission, via its letters dated 1st June 2020, reinstated the Company's former Board of Directors appointed at DEAPCAP's 2014 Annual General Meeting.

The re-instated Board comprising Murtala Aliyu (Chairman), William Odudu and Jacob Esan (Managing Director), took office on the 224 of June 2020.

The decision on the re-instatement is based on the Securities and Exchange Commission's non-recognition of the 2013 - 2018 Annual General Meeting and the resolutions made at the meeting.

The 2013 - 2018 Annual General Meeting was held on 22nd August 2019 in Lagos, Nigeria.

The Board of Directors is expected to convene an Annual General Meeting within 6 months in addition to other duties.

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