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Stanbic IBTC Annual Shareholders’ Gathering Holds May 27

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By Aduragbemi Omiyale

On Thursday, May 27, 2021, the shareholders of Stanbic IBTC Holdings PLC will gather for the company’s Annual General Meeting (AGM).

The meeting is slated for 10am at the I.B.T.C. Place on Walter Carrington Crescent, Victoria Island, Lagos and it is by proxy, in line with the coronavirus safety protocols set by the federal government.

However, members entitled to vote were advised to appoint proxies to represent them at the gathering, a statement issued by the subsidiary of Standard Bank Group, disclosed.

The statement signed by the company’s secretary, Chidi Okezie, further said at the 9th Stanbic IBTC AGM, some of the issues to discuss include the receipt and consideration of the audited financial statements for the 2020 financial year, dividend declaration and re-election of retiring directors, among other businesses.

In its audited financial statements for the period ended December 31, 2020, Stanbic IBTC achieved a pre-tax profit of N94.7 billion while the profit after tax for the same period was N83 billion, with N3.60 recommended as a final dividend.

“In order to ensure the safe conduct of the company’s 9th Annual General Meeting in accordance with the guidelines issued by the Corporate Affairs Commission (CAC) as well as the Federal Government of Nigeria, shareholders are hereby informed that attendance at this AGM shall only be by proxy and shall be limited to a maximum of 20 people,” Okezie said in the statement.

“As a responsible corporate citizen, Stanbic IBTC Holdings PLC is aware of the unique challenges posed by the COVID-19 pandemic and mindful of the need for all to take action to check the spread of the virus.

“To this end, the Group had earlier activated its internal COVID-19 Business Continuity Management Plan, in addition to implementing the safety measures recommended by federal and state governments, health authorities, and various regulatory agencies,” Okezie added.

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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