Sovereign Trust Insurance Plc notifies stakeholders of 26th Annual General Meeting.

The Board of Sovereign Trust Insurance Plc has notified relevant stakeholders of its imminent Annual General Meeting (AGM) scheduled to hold on the 27th of May, 2021.

According to a notification signed by the company’s secretary, Yetunde Martins, the 26th AGM is expected to hold at The Bay Lounge Hall, Lekki Phase 1, Lagos by 11:00 am. 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.
  • Board appointments will also be considered and ratified.
  • To deliberate on and approve the proposed Directors’ fees for FY 2021 pegged at N3.8 million.
  • Managers and Auditors remuneration in FY 2021 will be discussed and fixed.
  • To elect shareholders’ representatives of the statutory audit committee.

What you should know:

  • Sovereign Trust Insurance Plc had earlier reported a profit after tax of N687.7 million in FY 2020.
  • In line with CAC guidelines, attendance at the AGM will be by proxy. Sequel to this, a list comprising of six (6) representatives authorized to represent shareholders, have been made available.
  • The Annual General Meeting will be streamed live from the company’s website:

For more information about the AGM, click HERE.

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