By Dipo Olowookere
This week, 15 companies listed on the Nigerian Exchange (NGX) Limited will hold their Annual General Meetings (AGMs).
The AGMs will afford the respective shareholders of these organisations to hear from their boards how they performed in the previous financial year and their plans for the current fiscal year.
Business Post reports that the 15 companies are Lafarge Africa Plc, The Initiates Plc, Wema Bank Plc, Dangote Cement Plc, Prestige Assurance Plc, NCR (Nigeria) Plc and Okomu Oil Palm Company Plc.
Others are Stanbic IBTC Holdings Plc, Caverton Offshore Support Group Plc, Dangote Sugar Plc, Regency Alliance Insurance Plc, Sovereign Trust Insurance Plc, GlaxoSmithKline Consumer Nigeria Plc, Ecobank Transnational Incorporated, and NPF Microfinance Bank Plc.
On Tuesday, May 25, 2021, the trio of Lafarge Africa, The Initiates and Wema Bank will have their annual shareholders meetings.
Lafarge Africa will hold its AGM at the Civic Centre on Ozumba Mbadiwe Road, Victoria Island, Lagos by 10am, while The Initiates will have its meeting at the Conference Hall of BON Hotel, on 31, Ken Saro Wiwa Street, formerly known as Stadium Road, Rumuomasi, Port Harcourt, Rivers State at 11am, with Wema Bank having its AGM at 5th Floor, Wema Tower on 54, Marina, Lagos by 11am.
The next day, shareholders of Dangote Cement will gather by 11am at Eko Hotel and Suites on Victoria Island, Lagos, for their meeting and at the exact time, those of NCR (Nigeria) Plc and Okomu Oil Palm Company would be having theirs.
Investors of NCR (Nigeria) will converge on Function Room, Muson Centre, 8/9 Marina Road, Onikan, Lagos, while those of Okomu Oil Palm Company will go to Harbour Point Event Centre on 4, Wilmot Point Road, Victoria Island, Lagos.
On the same day, but at 12 noon, Prestige Assurance will have its AGM at No 1a, Ozumba Mbadiwe Road, Victoria Island, Lagos.
On Thursday, May 27, 2021, while school children are enjoying their public holiday for the Children’s Day celebration, shareholders of Stanbic IBTC Holdings will be at the IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos from 10am to hear from the board of the company.
Also at 10am, shareholders of Caverton Offshore Support Group will fly to the Caverton Helipad on Ozumba Mbadiwe Street, Victoria Island, Lagos to discuss the company, while investors of Dangote Sugar will be at Eko Hotel and Suites, Lagos from 11am to ask questions concerning the company from the board and management team and hope they will not be sugar-coated.
At the same 11am, shareholders of Regency Alliance Insurance will ask from the board the latest update on the recapitalisation plan of the company as directed by the National Insurance Commission (NAICOM). This meeting would be at the Conference Hall of The Zone on Plot 9, Gbagada Expressway, Lagos.
Also, at 11am, Sovereign Trust Insurance will have its AGM at The Bay Lounge Hall, Block 12A, 10, Admiralty Road, Lekki Phase 1, Lagos, while shareholders of GlaxoSmithKline Consumer Nigeria will be at the GSK Nigeria House on 1, Industrial Avenue, Illupeju, Lagos, to know how the board intends to give them better value in the years ahead.
At the same time, 11am, NPF Microfinance Bank will be having its AGM at Ijewere Hall, Chartered Institute of Bankers of Nigeria, PC19, Adeola Hopewell Street, Victoria Island, Lagos, while shareholders of Ecobank Transnational Incorporated will be meeting online for their AGM from 10.30am.
Adedapo Adesanya