PZ Cussons Nigeria Plc has announced the resolutions approved at its 72nd Annual General Meeting (AGM) held on Friday, 29 January 2021.
Shareholders at the meeting approved the Report of the Directors, Financial Statements for the year ended 31 May 2020, the Report of the Auditors and the Audit Committee thereon.
Also at the meeting a 10k per share dividend amounting to Three Hundred and Ninety Seven Million, Forty Seven Thousand, Seven Hundred and Four Naira, Fifty Kobo only (N397,047,704.50) for the year ended 31 May 2020 was declared out of the profits for the year ended 31st May 2020 and approved.
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Mrs. Elizabeth Ebi and Mr. Georgios Sotiropoulos who retired by rotation were re-elected as Directors and the appointments of Mr. Gbenga Oyebode, Mr. Panagiotis Katsis and Mr. Zuber Momoniat who were appointed as Directors after the last AGM were approved by shareholders.
The members of the Audit Committee for the financial year 2020/2021 – Mrs. Ebi, Mr. Usoro, SAN and Mr. Sotiropoulos were also elected at the meeting while Mr. Akinduro, Chief Obarinde and Honourable Nwabughogu were returned unopposed as Shareholders’ representatives for the Audit Committee.
On Monday, the share price of PZ Cussons Nigeria Plc fell by 9.73% to close at N5.10 per share. YTD the share price is down by 3.77% while in two years and five is has lost 59.52% and 76.71% of its value respectively.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
