BUA Foods Plc (NGX: BUAFOODS) on Thursday held its 1st Annual General Meeting on 4 August 2022, at Transcorp Hilton Hotel, No. 1, Aguiyi Ironsi Street, Maitama, Abuja, at 11:00a.m.
The following resolutions were duly considered and passed according to the filing by the company on the Nigeria Exchange.
The company’s Audited Financial Statements together with the Report of the Directors and Auditors thereon for the year ended 31 December 2021 were received.
The recommended dividend of N3:50 (Three Naira, Fifty Kobo) per one ordinary share of 50k amounting to a total dividend of N63,000,000,000 (Sixty Three Billion Naira) was approved by the shareholders.
The re-election of the following directors, AbdulSamad Rabiu CON, Kabiru Rabiu and Chimaobi Madukwe retiring by rotation was approved.
That the Directors be and are hereby authorised to determine the remuneration of the Auditors for the financial year ending 31st December 2022.
That the following shareholders’ representative be and are hereby appointed as members of the Statutory Audit Committee:
a. Eric Akinduro Akinnifesi
b. Nwokocha Innocent Peters
c. Musa Bichi
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
