NOTICE OF 18TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 18th Annual General Meeting (2016) of Shareholders of The Initiates Plc. (TIP) shall hold on Friday, 30th June, 2017 at the Unity Hall, Sasun Hotels and Towers Limited, Plot 206B,Phase II, Trans Amadi Industrial Layout, off Ordinance Junction, Port Harcourt, Rivers State by 11:00am to discuss the following:
Ordinary Business:
- To receive and consider the Audited Financial Statement as at December 31, 2016, the report of the Directors, the Audit Committee, Auditors Report therein.
- To re-elect Directors
- To declare a final dividend to Shareholders.
- To consider and approve the remuneration of Directors
- To re-appoint the Auditors
- To authorize the Directors to fix the remuneration of Auditors.
- To re appoint members of the Audit Committee.
Notes:
- Proxies: S.230 (1) CAMA: Any member of a Company entitled to attend and vote at a meeting of the Company shall be entitled to appoint another person (whether a member or not) as his proxy to attend and vote instead of him, and a proxy appointment to attend and vote instead of a member shall also have the same right as the member to speak at the Meeting. Executed proxy forms should be deposited with the Company Secretary at the registered office of the Company not later than 48hours before the meeting.
- Closure of Register of Members: The Register of Members of the Company will be closed from the 19th day of June to the 23rd day of June, 2017, both days inclusive.
- Dividend: The Board is pleased to recommend a final dividend of 3kobo per ordinary share of 50 kobo each subject to approval at the Annual General Meeting, this represents a gross amount of N26, 699,986.56 deductible for withholding tax at the appropriate rate to shareholders registered at close of business on Friday, 16th June, 2017. Where the payment of dividend is approved at the general meeting, the dividend will be paid on 3rd of July, 2017.
- UNCLAIMED DIVIDEND: Members who are yet to claim previous dividend(s) are advised to write or call at the office of the Registrars, Apel Capital & Registrars Limited, 8, Alhaji Bashorun, Off Norman Williams Street, Ikoyi on 01-2932121, 07046126698 or email registrars@apel.com.ng, www.apel.com.ng to confirm their dividend status.
- RIGHT OF SHAREHOLDERS TO ASK QUESTIONS: Shareholders have a right to ask questions not only at the Meeting but also in writing prior to the Meeting and such questions must be submitted to the Company Secretary a week before the General Meeting.
- AUDIT COMMITTEE MEMBERS: In accordance with Section 359(5) of the Companies and Allied Matters Act, any shareholder may nominate another shareholder for election as a member of the Audit Committee by giving notice in writing of such nomination to the office of the Company Secretary, situated at Plot 400, Location (new) road, off Aba/PH Expressway, by Oyigbo Junction, Umuebule 5, P.O.BOX 7242, Port Harcourt, Rivers State at least 21 days before the Annual General Meeting.
Dated this 5TH day of JUNE 2017
By Order of the Board
Olaide Odejobi
Company Secretary
FRC/2017/NBA/00000016739
WHO WE ARE
The Initiates Plc. (TIP) is a professional Waste Management company Located in Port Harcourt Nigeria, delivering Waste Management, Industrial Cleaning and Decontamination services to both Private and Public sectors. TIP is quoted on the Floor of the Nigerian Stock Exchange.
TIP has a multi-disciplinary and flexible workforce and all relevant permits necessary for delivering waste management and industrial cleaning services.
Download: The Initiate Plc Profile