Unilever Nigeria Plc held its 97th Annual general Meeting on Thursday May 5, 2022 at the the Grand Banquet Hall, Civic Centre, Victoria Island, Lagos on Thursday, 5th may, 202 at 10:00 a.m.
The following ordinary resolutions were passed by the company shareholders according to the a document published on the Nigerian Exchange.
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That a dividend of N2,872,502,500 (Two Billion, Eight Hundred and Seventy-two Million, Five Hundred and Two Thousand, Five hundred Naira), that is, N0.50k per share subject to the deduction of appropriate withholding taxes and other statutory deductions for the year ended 31st December 2021 out of the amount standing to the credit of the statement of comprehensive income.
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That Mrs. Folake Ogundipe be and is hereby elected as a Director of the Company.
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That Mr. Mutiu Sunmonu, who retired by rotation at the Annual General Meeting and who being eligible for re-election be and is hereby re-elected as a Director of the Company.
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That Mrs. Abiola Alabi, who retired by rotation at the Annual General Meeting and who being eligible for re-election be and is hereby re-elected as a Director of the Company.
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That His Majesty, Nnaemeka A. Achebe who retired by rotation at the Annual General Meeting and who being eligible for re-election be and is hereby re-elected as a Director of the Company, notwithstanding that he is over 70 years of age. Aspecial notice of his age has been given to the company pursuant to Section 282 of the Companies and Allied Matters Act 2020.
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That the Directors be and are hereby authorized to fix the remuneration and expenses of the Auditors for the year ending 31 December 2022, among others.
A special resolution passed at the meeting read as follows: “That all references to authorized share capital in the Memorandum and Articles of Association of the Company should be replaced with Issued Share Capital and paragraph 4 of the Memorandum of Association of the Company Regulation 4 of the Articles of Association be amended to read as follows: “The share capital of the Company is Two Billion, Eight Hundred and Seventy-Two Million, Five Hundred and Two Thousand, Seven Hundred and Eight Naira Fifty Kobo (N2,872,502,708.50) divided into Five Billion Seven Hundred and Forty-Five Million, Five thousand, Four Hundred and Seventeen (5,745,005,417) ordinary shares of 50 kobo each”.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
