Dangote Cement Plc to hold AGM on May 26th

The Board of Dangote Cement Plc has announced that it will host its Annual General Meeting on the 26th of May, 2021.

This is according to a notification signed by the company’s secretary, Mahmud Kazaure and seen by Nairametrics. Sequel to this, the following issues will be discussed;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • The firm’s proposed dividend will be considered and officially declared.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee.

What you should know:

  • Dangote Cement Plc had earlier reported a profit after tax of N276.07 billion in FY 2020.
  • In line with CAC guidelines, attendance at the AGM will be by proxy. Sequel to this, a list comprising of eight (8) representatives authorized to represent shareholders, have been made available.
  • If approved, dividends are expected to be paid to qualified shareholders on 27th of May, 2021.
  • The Annual General Meeting will be streamed live from the company’s website (http://www.dangotecement.com) or (https://www.youtube.com/dangotegroup).

For more information about the AGM, click HERE.

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