Notice is hereby given that the 11th Annual General Meeting (AGM) of Dangote Cement Plc. will hold on Monday 15th, June 2020, at Eko Hotel and Suites, Victoria Island, Lagos at 11.00 a.m. to transact the following business:
Ordinary Business
- To receive the Audited Financial Statements for the Year Ended 31st December 2019 and the Reports of the Directors, Auditors and the Audit Committee thereon.
- To declare a dividend.
- To elect/re-elect Directors.
- To authorize the Directors to fix the remuneration of the Auditors.
- To appoint KPMG Professional Services to replace the retiring Auditors.
- To elect members of the Statutory Audit Committee.
Special Business
To consider and if thought fit, pass the following resolution as an ordinary resolution of the Company:
7. To fix the remuneration of the Directors.
Notes:
A. Preparation: In view of the COVID-19 pandemic, the Company has taken various steps to ensure the safety of attendees, as well as compliance with stated guidelines. These include the provision of sanitisers, masks and gloves at the venue, as well as the checking of temperatures and ensuring social distancing between attendees.
B. Proxies: In view of the COVID-19 pandemic, attendance at the AGM shall only be by proxy. A proxy form is attached to the Annual Report. A Member has the right to appoint a proxy/proxies to attend and vote instead of him; the proxy/proxies need not be a member(s) of the Company.
All instruments of proxy must be deposited at the registered Office of the Company at 1, Alfred Rewane Road, Ikoyi, Lagos (or [email protected]) or the Office of the Registrars, United Securities Ltd, at 10, Amodu Ojikutu Street, Victoria Island, Lagos, (or [email protected]) not later than 48 hours before the time for holding the meeting.
All instruments of proxy shall be at the Company’s expense. A Member entitled to attend and vote at the AGM is advised to select from the following proxies, to attend and vote in his stead:
- 1. Alhaji Aliko Dangote GCON.
- Mr. Olakunle Alake
- Mr. Emmanuel Ikazoboh
- Mr. Michel Puchercos.
- Sir Sunny Nwosu
- Dr. Umar Farouk.
- Mr. Nornah Awoh
- Mrs. Bisi Bakare
C. Closure of Register of Members: Notice is hereby given that the Register of Members and the Transfer Books of the Company will be closed on May 26th 2020.
D. Payment of Dividend: If the dividend recommended by the Directors is approved by the Shareholders at the Annual General Meeting, dividends will be paid on Wednesday, June 17th 2020 to the shareholders whose names are registered in the Company’s Register of Members at the close of business on May 25th 2020.
E. E-Dividend Registration: Notice is hereby given to all Shareholders to open bank accounts, stockbroking accounts and CSCS accounts for the purpose of receiving dividend payments electronically. A detachable E-Mandate Activation form which is available on the Company’s website is attached to the Annual Report to enable all shareholders to furnish particulars of their accounts to the Registrar.
F. Nomination to the Audit Committee: In accordance with Section 395(5) of the Companies and Allied Matters Act, CAP C20 LFN 2004, a shareholder may nominate another shareholder for appointment as member of the Audit Committee by giving notice to the Company Secretary at least 21 days before the Annual General Meeting.
G. Rights of Securities Holders to Ask Questions: Securities holders have a right to ask questions not only at the Annual General Meeting but also in writing prior to the meeting. Questions should be submitted to the Company Secretary at the Company’s registered office up to two days before the date of the Annual General Meeting.
H. Streaming: The Annual General Meeting will be streamed live from the following social media channels:
a. Website: http://www.dangotecement.com/investor-relations
b. Facebook: https://www.facebook.com/dangotegroup
c. Youtube: https://www.youtube.com/dangotegroup
