GUARANTY Notifies of Resolution Passed At Its 30th AGM


Thursday, May 14, 2020 / 10:55 PM / NSE / Header Image Credit: Arbiterz

At the Thirtieth Annual General Meeting of GUARANTY TRUST BANK PLC ("the Company"), duly convened and held on Monday, March 30, 2020, at the Oriental Hotel, 3, Lekki Road, Victoria Island, Lagos, the following Resolutions was proposed and duly passed:

1.          "That the Audited Financial Statements for the financial year ended December 31, 2019, and the Reports of the Directors, Auditors and Statutory Audit Committee thereon laid before the Meeting be and are hereby received":


2.         "That the final dividend in respect of the financial year ended December 31, 2019, in the sum of N73,577,948,060.00 from the profit after taxation of the Bank be and is hereby approved and declared payable as dividend at a rate of N2.50K kobo per 50 Kobo Ordinary Share (bringing the total dividend paid to Shareholders for the 2019 financial year to N2.80K per Ordinary Share of 50 Kobo each}, subject to the appropriate withholding tax deduction, to Shareholders whose names are registered in the Company's Register of Members at the close of business on Wednesday, March 18, 2020":


3.       "That the Directors be and are hereby authorized to fix the remuneration of the Auditors, Messrs. PicewaterhouseCoopers in respect of the year ending December 31, 2020";


4.        "That Alhaji Mohammed Abiodun Usman, Mrs. Sandra Mbagwu-Fagbemi and Mrs. Aderonke Kuye, be and are hereby elected as the representatives of shareholders on the Statutory Audit Committee of the Company for the 2020 financial year":

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