Cadbury Nigeria Plc (NGX: CADBURY) has issued notice of the 57th Annual General Meeting of Members of the company.
The meeting will be held in the Learning & Development Centre, Cadbury Nigeria Plc, Lateef Jakande Road, Agidingbi, Ikeja, Lagos on Wednesday, 15th June 2022 at 10:00 am according to the document published on the Nigerian Exchange.
The following ordinary business will be transacted among others
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To lay before the meeting, the Audited Financial Statements of the Company for the year ended 31 December 2021, the Report of the Directors, together with the reports of the Auditors and the Audit Committee thereon;
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To declare a Dividend
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To elect/re-elect Directors
Cadbury Nigeria Plc announced a 45k per share dividend with a qualification date of 12th May 2022, If approved, the dividend will be paid electronically on 16th June 2022.
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The following special business will also be transacted at the meeting others:
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That, in compliance with the requirements of Section 124 (2) of the Companies & Allied Matters Act 2020 and the Companies Regulations, 2021 and pursuant to Clause 44 (c) of the Company’s Articles of Association, the share capital of the Company be reduced from N2,747,827,802 divided into 573,423,608,730 ordinary shares to N1,878,201,962 divided into 3,756,403,924 ordinary shares by cancelling N869,625,840 amounting to 1,739,251,680 unissued shares of 50 kobo each which have not been taken or agreed to be taken by any person.
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That pursuant to the above resolution, Clause 5 of the Memorandum of Association of the Company be amended to reflect the issued share Capital of the Company after the cancellation of the unissued share capital as follows:
The Share Capital of the Company is One Billion, Eight Hundred and Seventy Eight Million, Two Hundred and One Thousand, Nine Hundred and Sixty Two Naira divided into three billion, seven hundred and fifty six million, four hundred and three thousand nine hundred and twenty four shares of Fifty Kobo each, with power to increase the capital and to divide the shares in the capital for the time being into several classes and to attach any preferential, deferred, qualified or special rights, privileges or conditions.
The AGM will be held in proxy according to the company due to the “the interest of public safety and having due regard to the Nigeria Centre for Disease Control (NCDC) COVID.”
Cadbury Nigeria added that “selected Proxies on the Proxy Form would be required to attend the meeting physically. All other shareholders have the options to attend the meeting online and to vote through a Proxy.” A Member entitled to attend and vote is advised to select from any of the following individuals who are the selected Proxies to attend and vote in his/her stead:
1. Mr. Adedotun Sulaiman. MFR;
2. Mrs. Oyeyimika Adeboye;
3. Mrs. Ibukun Awosika;
4. Mrs. Mary Joke Shofolahan; and
5. Pastor Oyelakin Awobode
The said that the AGM will be streamed live online to enable shareholders and other stakeholders who will not be attending physically to follow the proceedings. The link for the AGM live streaming will be made available on the Company’s website at www.cadburynigeria.com.
On Friday the equity price of Cadbury Nigeria Plc gained 9.63% to close at N10.25 per share on the Nigerian Exchange. YTD the share price is up 16.48%.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
