WorldStage– Morison Industries PLC has officially announced the date and agenda for its 71st Annual General Meeting (AGM). Shareholders will gather to review the company’s financial performance, vote on key directorship appointments, and deliberate on strategic business resolutions.
Key Meeting Details
Date: 3rd December 2026; Time: 11:00 a.m; Venue: Olumo Hall, Lagos Airport Hotel, 362 Obafemi Awolowo Way, Ikeja, Lagos
Register Closure: Monday, November 16, 2026, to Friday, November 20, 2026 (inclusive)
Agenda Highlights
Ordinary Business
Financial Reports: Presentation of the Directors’ Report, the Financial Statements for the year ended 31 December 2025, alongside the Reports of the Auditors and the Audit Committee.
Director Elections: Consideration of the re-election/election of directors, specifically Mr. John Adekoje and Mr. Matthew Akinlade.
Auditors: Approval of the appointment of new auditors and authorization for the Directors to fix their remuneration.
Manager Remuneration: Disclosure of the remuneration of the company’s managers in accordance with Section 238 of the Companies and Allied Matters Act (CAMA) 2020.
Audit Committee: Election of members to the Audit Committee.
Special Business
Non-Executive Remuneration: Fixing the remuneration of Non-Executive Directors.
Related Party Transactions: Authorizing the company to procure necessary goods and services from related companies on normal commercial terms, in compliance with NGX Rules Governing Transactions with Related Parties or Interested Persons. (Note: Interested persons have undertaken to abstain from voting on this resolution).
Shareholder Information & Participation
Proxies: Shareholders unable to attend in person may complete and sign the pre-stamped proxy form provided in the Annual Report. Proxies must be deposited at the office of the company’s registrars, CardinalStone Registrars’ Ltd (358 Herbert Macaulay Way, Yaba, Lagos), at least 48 hours before the meeting.
Audit Committee Nominations: Shareholders wishing to nominate a candidate for the Audit Committee must submit a written notice to the Company Secretary at least 21 days prior to the AGM, keeping in mind the statutory requirement that all members must be financially literate with at least one member belonging to a professional accounting body in Nigeria.
Questions & Enquiries: Securities holders have the right to submit questions in writing prior to the meeting. Questions must be addressed to the Company Secretary and delivered to the registered office at least one week before the AGM.
