By Dipo Olowookere
The Annual General Meeting (AGM) of Union Bank of Nigeria (UBN) Plc earlier slated for Tuesday, April 13, 2021 (today), has been postponed.
A statement from the financial institution disclosed that the yearly shareholders’ gathering has been moved to next month.
The lender explained that the postponement was forced by the COVID-19 travel protocols, which could make it impossible for some investors to be part of the crucial meeting.
In the notice, Union Bank said the new date for the event is May 4, 2021.
“This is to inform the Nigerian Stock Exchange (NSE), esteemed shareholders and other stakeholders that the 52nd Annual General Meeting (AGM) of Union Bank of Nigeria Plc earlier scheduled to hold on Tuesday, April 13, 2021, by proxy has been rescheduled to hold by proxy (on Tuesday, May 4, 2021, at 11.00 am at The Auditorium, Stallion Plaza (9th Floor) 36 Marina, Lagos),” a part of the statement said.
“The postponement of the AGM became imperative due to the continued changes in regulations on international travel on account of the COVID-19 pandemic,” the bank explained.
“Union Bank apologises for any inconveniences arising from this postponement,” the statement concluded.
Union Bank, which boasts of a network of over 300 sales and service Centres across Nigeria, was recapitalised in 2012, with new investors and executive management team, which have transformed the company into a formidable force in the nation’s banking industry.
Today, it is one of the leading providers of financial services in Nigeria, with focus on retail, commercial and corporate banking businesses.
In addition to standard current and savings product portfolio, the lender has launched pioneering products into the Nigerian retail market including Union Korrect, Union Goal and Union Betta.
Adedapo Adesanya