THE FEDERAL REPUBLIC OF NIGERIA

COMPANIES AND ALLIED MATTERS ACT 2020

PUBLIC COMPANY LIMITED BY SHARES

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ORDINARY RESOLUTION OF SHAREHOLDERS OF C & I LEASING PLC.

At the Annual General Meeting of the Company held on the 20th day of October 2022 at the Company's head office at 2 C&I Leasing Drive, Off Bisola Durosinmi Etti Drive, Lekki Phase 1, Lagos, the following resolutions were proposed and duly passed:

1. That the Audited Financial Statements for the year ended 31st December 2021 together with the Reports of the Directors, Independent Auditors and Audit Committee thereon be and are hereby received.

2. That Mr. Omotunde Alao-Olaifa retiring by rotation and being eligible and offering himself for re-election be and is hereby re-elected as a Director of the company.

  1. That Mr. Babatunde Edun retiring by rotation and being eligible and offering himself for re-election be and is hereby re-elected as a Director of the company.

4. That the election of Mr. Ugoji Lenin Ugoji as the Group Managing Director/CEO of the Company to replace the retired GMD/CEO, Mr. Andrew Otike-Odibi, with effect from 1st January 2022 be and is hereby approved subject to regulatory approval.

  1. That the appointment of Ernst & Young as the External Auditor of the Company to replace the outgoing External Auditor, PKF Professional Services, for the year ending 31 December 2022, be and is hereby ratified by the Shareholders.
  1. That the Directors be and are hereby authorized to fix the remuneration of the Auditors for the year ending 31st December 2022.
  2. That Mr. Sulaiman B. Adenrele, Mr. Fred Olufemi Oduyemi and Mrs. Christie Vincent Uwalaka are hereby elected as Shareholder representatives of the Audit Committee for the year ending December 2022. Mr. Omotunde Alao-Olaifa and Mr. Oluyemi Peter Abaolu-Johnson were appointed to represent the Board on the Audit Committee.
  3. That the remuneration of managers of the company as stated on page 132 of the annual report be and is hereby adopted by the Company.

Dated this 21st day of October 2022.

DIRECTOR

COMPANY SECRETARY

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C & I Leasing plc published this content on 01 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2022 08:05:04 UTC.