WorldStage Newsonline– Total Nigeria PLC, a major oil marketing company has announced that its 42nd Annual General Meeting will hold at The Panoramic Hall, Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos on Thursday the 24th day of September, 2020 at 11.00 a.m. to transact the following:
In a notification to the Nigerian Stock Exchange (NSE) http://www.nse.com.ng/Financial_NewsDocs/31306_TOTAL_NIGERIA_PLC.-_NOTICES_OF_ANNUAL_GENERAL_MEETING_.pdf, the AGM is to consider and if thought fit, pass the resolution as an Ordinary Resolution of the Company: “that the Company be and is hereby authorized to establish a domestic commercial paper and or Bond issuance programme of up to N50,000,000,000.00 (Fifty Billion Naira) (the “Programme”) for the issuance of commercial papers (the “Notes”) and or Bonds in such tranches or series of such amounts and at such dates, discounted values, coupon or interest rates, within such maturity periods and upon such other terms and conditions (including renewals and/or extensions of the Programme) as may be determined by the management of the Company from time to time; in accordance with applicable statutory and regulatory requirements; that the management of the Company be and are hereby authorized to take all such further action as may be required to implement the Programme and/or issue Notes and Bonds under the Programme”.
The AGM is also lay before Members for approval, the Financial Statements for the year ended 31st December, 2019 and receive the Reports of the Directors, Auditors and Audit Committee thereon; To declare a dividend; To re-elect Directors; To appoint Directors; To authorize the Directors to fix the remuneration of the External Auditors; and To elect members of the Audit Committee.
Moreover, the notice said, “Notice was given and the Register of Members and Transfer Books of the Company was closed from Friday, the 5th of June, 2020 to Thursday, the 11th of June, 2020 both days inclusive for the purpose of preparing an up-to date Register of Members.
“If the payment of a dividend is approved and declared by members at the Annual General Meeting, the dividend and the dividend will become payable on Friday 25th September, 2020 to shareholders whose names are registered in the Company’s Register of Members as at close of business on Thursday 4th June, 2020.”
