BUA FOODS : RESOLUTIONS PASSED AT 2ND ANNUAL GENERAL MEETING OF BUA FOODS PLC
September 15, 2023 at 10:53 am
Share
Lagos, September 15, 2023
RESOLUTIONS PASSED AT THE 2ND ANNUAL GENERAL MEETING OF BUA FOODS PLC
At the 2nd Annual General Meeting of the members of BUA Foods Plc held on Thursday, 14th September 2023, at Transcorp Hilton Hotel, No. 1, Aguiyi Ironsi Street, Maitama, Abuja, at 11:00a.m, the following resolutions were duly passed:
That the Audited Financial Statements of the Company together with the Report of the Directors and Auditors thereon as well as the Audit Committee Report for the year ended 31 December 2022 be received.
That the recommended dividend of N4:50 (Four Naira Fifty Kobo) per one ordinary share of 50k amounting to a total dividend of N81,000,000,000 (Eighty One Billion Naira) be and is hereby approved.
That the re-election of the following directors, Abdulrasheed Olayiwola and Finn Arnoldsen retiring by rotation be and is hereby approved.
That the Directors be and are hereby authorised to determine the remuneration of the Auditors for the financial year ending 31st December 2023.
That the following shareholders' representative be and are hereby appointed as members of the
Statutory Audit Committee:
Musa Bichi
Eric Akinduro Akinnifesi
Nwokocha Innocent Peters
The Board's representative on the Statutory Audit Committee are:
Imran Rashid
Chimaobi Madukwe
That the remuneration of the Managers of the Company be and is hereby disclosed.
That Oluyemisi Lowo-Adesola's appointment as an Independent Non-Executive Director be and is hereby approved with effect from 1st August 2023.
That the remuneration of the Non-Executive Directors for the 2023 financial year be and is hereby approved.
BY ORDER OF THE BOARD
Oluseye Alayande
Company Secretary
Attachments
Original Link
Original Document
Permalink
Disclaimer
BUA Foods plc published this content on 15 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2023 09:52:08 UTC.
BUA Foods PLC is engaged in refining of imported and locally sourced raw sugar as well as sale of refined sugar. The Company is focused on food and fast-moving consumer goods (FMCG) business. The Company's food business operations comprise of five divisions, which include sugar, flour, pasta, rice, and edible oils. The Sugar Division is engaged in the production, processing, refining, and distribution of raw sugar and its by-products such as bagasse, molasses, and mud cakes. The Flour Division is involved in the processing, manufacturing and distribution of flour and bran and produces them for large-scale and small-scale use. The Pasta Division is involved with processing, manufacturing, and distributing pasta. The Rice Division has a rice milling facility with a capacity of over 200,000 MT per annum. The Edible Oils Division specializes in the conversion of crude oil palm into oil products including palm olein, stearin, and distilled fatty acids, among others.
BUA FOODS PLC 
