Call us today 234 (0) 84 669510

The Initiates Plc 17th Annual General Meeting

By: Admin | Posted on: 2016/08/29

<

























The Initiates Plc 17th Annual General Meeting


The Initiates Plc. (TIP) held its 17th Annual General Meeting on Tuesday, 10th May, 2016 at the Sasun Hotels and Towers Limited, Port Harcourt, Rivers state wherein the following ordinary business was transacted: • Receiving and considering the Audited Financial Statement as at December 31, 2015, the report of the directors, the Auditors report therein • The re-election and ratification of the appointment of its directors • The declaration of dividends • The approval of the remuneration of the directors • The authorization of the directors to fix the remuneration of the external auditors • The election of members of the Audit Committee The Chairman of the Company (Surv.Joe .O.Anosikeh) noted that in spite of declining fortunes in the Oil and Gas sector, the company at its A.G.M rewarded its shareholders with a dividend splash of over N14m for the financial year ended December, 31st 2015 which he noted was consistent with the policy of the company in regular payout