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CAC Approves Application from Honeywell Flour Mills Plc to Extend Time to Hold 2022 AGM

Sep 22, 2022   •   by NGX   •   Source: NGX   •   eye-icon 82 views

Honeywell Flour Mills Plc. (HFMP/the Company), a leading foods manufacturer in Nigeria, hereby announces to its Shareholders and the general public that the Corporate Affairs Commission (CAC, the Commission) has approved the Company's application for extension of time within which to hold its 2022 Annual General Meeting (AGM).

In its application to the Commission for extension of time within which to hold its AGM, (the application) HFMP explained as follows:

“Following the acquisition of over 75% equity in the Company by Ecowise Horizon Investment Limited and Greywise Investment Solutions Limited, subsidiaries of Flour Mills of Nigeria Pic, a new Board has been appointed for the Company. In addition, a new Management team has been appointed to champion the Management. The change of Management and rigors of the handover process which is currently in top gear constrain us to make this request.”

Following the application, the Commission approved an extension for HFMP to hold Company's AGM on or before 30th March 2023.

HFMP wishes to inform its Shareholders and the general public that requisite notices and publications relating to its 2022 AGM shall be issued in line with all regulatory provisions and within the extension term granted by the Commission.

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