NEM Insurance Plc set to hold 51st Annual General Meeting on June 24.

The Board of NEM Insurance Plc has announced that it will be hosting its 51st Annual General Meeting on the 24th of June, 2021.

This is according to a notification signed by the company’s secretary, Olajumoke Philip Akede, 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 of 9 kobo per share will be considered and approved. It is worthy to note that if ratified, the dividend will paid on 24th of June, 2021.
  • 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.

Special Business

  • A proposal to reconstruct the firm’s shares in the ratio two (2 )ordinary shares held by each shareholder for one (1) new ordinary share, will be discussed.
  • The company’s Memorandum and Articles of Association will be amended to reflect the changes.


What you should know:

  • NEM Insurance Plc had earlier reported a profit after tax of N5.08 billion in FY 2020.
  • In line with CAC guidelines, attendance at the AGM will be by proxy. A list of 7 proxies  have been made available for shareholders to choose from,
  • The link for the Annual General Meeting will be made available on the company’s website:


For more information about the AGM, click HERE.

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