Notice is hereby given that the 43rd Annual General Meeting of Ardova Plc will hold at Southern Sun Hotel, 47 Alfred Rewane Road, Ikoyi, Lagos on Tuesday 27 September 2022 at 10am to transact the following business:

Ordinary Business 

1. To lay before the members in the general meeting, the Audited Financial Statements with the Statement of Profit or Loss and other Comprehensive Income for the year ended 31 December 2021, the Report of the Directors, the Report of the Auditors and Statutory Audit Committee thereon. 
2. To re-elect Mr. AbdulWasiu Sowami and Mr. Olusola Adeeyo to the Board of Directors as Directors whose terms expire in accordance with Articles 88 and 89 of the Company’s Articles of Association. 
3. To authorize the Directors to fix the remuneration of the External Auditors for the ensuing year. 
4. To elect/re-elect the members of the Statutory Audit Committee. 
5. To disclose the remuneration of managers of the Company in accordance with Section 257 of CAMA. 

Special Business 

To consider and if thought fit, pass the following resolutions as Ordinary Resolutions: 

1. To fix the remuneration of the Directors. 
2. To renew the general mandate authorizing the Company to enter recurrent transactions which are of a trading nature or those necessary for its day-to-day operations with related parties or companies in accordance with the Rule 20.8 of the Rulebook of the Nigerian Exchange Limited 2015: Issuer’s Rules, governing transactions with related parties or interested persons on normal commercial terms consistent with the Company’s transfer pricing policy. 
3. a. That the Directors be and are hereby authorized to take all steps necessary to comply with the requirements of the Section 124 of the Companies and Allied Matters Act 2020 and the Companies Regulations 2021, as it relates to unissued shares of the Company, including the cancellation of 2,689,370,733 unissued ordinary shares of the Company; and 

2. That the Directors be and are hereby authorized to enter into and execute agreements, deeds, notices or any other documents, and to perform all acts and to do all such other things necessary for or incidental to giving effect to Resolution 8(a) above, including without limitation, appointing such professional parties, consultants and advisers and complying with the directives of the regulatory authorities. 

Special Business – Ordinary Resolutions 

1. To consider and if thought fit pass the following special resolutions: 

1. That pursuant to resolutions 8 above, the Directors be and are hereby authorized to amend Clause 5 of the Memorandum of Association and Article 3 of the Articles of Association of the Company, as necessary to reference only the issued shares in the share capital of the Company. 
2. That the Directors be and are hereby authorized to enter into and execute agreements, deeds notices or any other documents and to perform all acts and to do all such other things necessary for or incidental to giving effect to Resolution 9(A) above, including without limitation, appointing such professional parties, consultants and advisers and complying with the directives of the regulatory authorities

Visit Ardova Plc IR Page in Proshare MARKETS