The Board of LivingTrust Mortgage Bank Plc has announced that it will host its 7th Annual General Meeting on the 10th of June, 2021.

This is according to a notification signed by the company’s secretary, Olabisi Fayombo and seen by Nairametrics. Sequel to this, the following issues will be discussed;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • The firm’s proposed dividend will be considered and officially declared.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee.

What you should know:

  • LivingTrust Mortgage Bank had recently posted a profit after tax of N100.6 mllion in Q1 2021, indicating a surge of about 260%.
  • If ratified, FY 2020 dividend will be paid to qualified shareholders on the 14th of June, 2021.
  • In line with CAC guidelines, attendance at the AGM will be by proxy. Sequel to this, a list comprising of five (5) representatives authorized to represent shareholders, have been made available.

For more information about the AGM, click HERE

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