The Board of Royal Exchange Plc has announced that it will be hosting its 52nd Annual General Meeting on the 28th of October, 2021. The meeting will be virtually held at the company’s operations office in Oshodi, Lagos, by 10:00 am prompt.
This is according to a statement issued by the company and made available on the website of the Nigerian Exchange Limited (NGX).
Some of the issues to be discussed at the AGM include;
The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
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, among others.
In view of the directives on physical distancing and the restriction on maximum number of people at every gathering due to the COVID-19 pandemic, the meeting will hold by proxy in accordance with section 254 of the Companies and Allied Matters Act 2020 and as approved by the Corporate Affairs Commission.
Additionally, the AGM will be streamed live online, to enable shareholders and other relevant stakeholders who will not be attending the meeting physically to also be part of the proceedings. The link for the live streaming will be made available on the company’s website: www.royalexchangeplc.com
What you should know:
Royal Exchange Plc had earlier reported a 62% decline in its 2021 half year profit to N233.12 million.