The Nigeria News Agency reports that with the development, FCMB Group will be the second to hold an AGM through proxies which was first initiated by GTBank.
“We refer to the publication of our Audited Financial Statements and the Notice of AGM scheduled to hold on Tuesday, April 28, at 11.00 am.
“Your company notes the outbreak of the COVID-19 pandemic in the country and the partial lockdown of some states as announced by the Federal Government and some state governments towards securing their entry points and preventing the further spread of the coronavirus.
“We are also mindful of the legal framework and corporate actions predicated on the AGM, such as payment of dividend to shareholders, approval of audited accounts and filing of the annual returns, among others.
“Therefore, towards ensuring that these actions do not remain stalled as would be the case if the AGM is postponed or cancelled, we engaged the CAC and have obtained their approval to hold the AGM with attendance by proxies.
“To this end, shareholders are encouraged to send duly completed proxy form(s) indicating how you wish to vote on each of the resolutions noted therein, to the Registrars Cardinalstone Registrars or via e-mail to [email protected], not less than 48 hours before the time fixed for the meeting,” she said.
Adedibu noted that the option was being adopted in line with the provision of section 230 of the Companies and Allied Matters Act (CAMA) on the use of proxies with the understanding that the quorum for an AGM can be achieved either through physical attendance or by proxy.
“This measure is also to ensure that the operations of the company continue to run within the laid down compliance and regulatory frameworks, irrespective of the current circumstances,” she added.
Edited By: Oluwole Sogunle
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