By Modupe Gbadeyanka
The board of Regency Alliance Insurance Plc has announced that its Annual General Meeting (AGM) will hold on Tuesday, June 18, 2019.
The meeting, in its 25th edition, will take place at the Oriental Hotel, Lagos at 11am.
During the AGM, shareholders of the company will receive the report of the Directors, the Audited Financial Statements for the year ended December 31, 2018 together with the reports of the Auditors and the Audit Committee.
They will also move to re-elect directors retiring by rotation, approve the 3 kobo dividend proposed by the board, elect members of the Audit Committee and authorise the Directors to fix the remuneration of the Auditors.
The board said it wants to reward the shareholders with 3 kobo per unit to be paid on June 19, 2019 after approval at the AGM. It said those entitled to this payment are shareholders whose names appear on the register of members at close of business on Friday, May 10, 2019.
In addition, the Register of members and transfer books of the company will be closed from Monday May 13 to May 17, 2019 for the purpose of reviewing and updating the register of members.
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