DAAR Communications to Hold 12th AGM August 24

By Adedapo Adesanya

DAAR Communications has announced that its 12th Annual General Meeting (AGM) will hold on Monday, August 24, 2020.

This was disclosed in a statement released and signed by the Company Secretary, Mr Donatus O. Anopuo, on Tuesday.

It has been scheduled to take place at the company’s corporate headquarters on Number 1, Ladi Lawal, off Gen. T.Y. Danjuma Street, Kpaduma Hill, Asokoro Abuja, Federal Capital Territory (FCT) at 11:00 am.

According to the company, at the AGM, the board will lay before the shareholders the Audited Financial Statements for the year ended December 31, 2019, and the reports of the Directors, Auditors and Audit Committee thereon.

The event will serve as an avenue to re-elect directors for another tenure, and in addition, authorise the directors to fix the remuneration of the external auditors for the 2020 financial year.

DAAR Communications added that the meeting will also be used to elect/re-elect shareholders’ representatives on the Statutory Audit Committee.

“Notice is hereby given that the 12th Annual General Meeting of DAAR Communications Plc will be held on Monday, August 24, 2020, at the company’s corporate headquarters, No. 1, Ladi Lawal, off Gen. T.Y. Danjuma Street, Kpaduma Hill, Asokoro Abuja, Federal Capital Territory (FCT) at 11:00 am to transact the following business:

To receive and lay before the members, the Audited Financial Statements for the year ended 31st December 2019 and the reports of the Directors, Auditors and Audit Committee thereon.
To re-elect Directors.
To authorize the Directors to fix the remuneration of the External Auditors for the 2020 financial year.
To elect/re-elect Shareholders’ representatives on the Statutory Audit Committee,” the statement said.

DAAR Communications is a media and entertainment company engaged in the development, production, and marketing of entertainment news, and information. It also owns and operates a portfolio of news and entertainment television networks.

The company’s segments include Raypower FM, AIT/Television, DAAR News and DAAR UK Operations. Its Raypower FM operates Raypower 100.5 FM radio station, which debuts commercial broadcasting.

The company is listed on the Nigeria Stock Exchange (NSE) and its stock price as at the time of this report is 33 kobo.