WorldStage Newsonline– UACN Property Development Company PLC has issued an update on the proposed unbundling of UACN Property Development Company PLC’s (UPDC) 1,515,501,818 units in UPDC Real Estate Investment Trust, saying the upcoming Court-Ordered Meeting of shareholders scheduled to hold on Monday, 26 October 2020 will be streamed live on YouTube if the civil unrest or restrictions on physical movement put in place by the Lagos State Government continue to persist till Monday, 26th of October 2020.
In a notice filed at the Nigerian Stock Exchange on Monday, UPDC said the meeting was initially intended that shareholders would attend the meeting through their appointed proxies from the list of proxies designated by the Board of Directors
“In the event that civil unrest or restrictions on physical movement put in place by the Lagos State Government continue to persist till Monday, 26th of October 2020, the Board and your appointed proxies will attend the meeting virtually,” the notification said.
“As communicated to you, the meeting will be streamed live on YouTube and shareholders will have the opportunity to vote at the meeting using the USSD code and online link which Africa Prudential Plc has sent to you. Shareholders who have already sent in proxies are not required to vote again during the meeting and are welcome to follow the proceedings online.
“Please note that shareholders can only utilise one voting option out of the various voting options available. Where a shareholder, who has appointed a proxy, attends the meeting remotely and he/she elects to vote through any of the channels provided by the Company and not through the appointed proxy, such shareholder must communicate in writing to the Registrar prior to the commencement of the meeting and in any event not later than 9am on the date of the meeting. On the day of the meeting, shareholders whose appointed proxies vote on their behalf will not be able to vote via the online voting platform or through the USSD code and shareholders who vote via the online voting platform will be unable to vote using the USSD code.”
