The 18th Annual General Meeting (“AGM”) of eTranzact International PLC (“the Company”) will hold at the Function Room, 4th Floor, Fortune Towers, 27/29, Adeyemo Alakija Street, Victoria Island, Lagos on Thursday, 28th July 2022, at 12:00noon to transact the following businesses:
Ordinary Business
- To lay before Members the Audited Financial Statements for the year ended 31st December 2021, together with the Reports of the Directors, Auditor and the Statutory Audit Committee thereon.
- To re-elect Directors.
- To authorize the Directors to fix the remuneration of the Auditor.
- To disclose the remuneration of Managers.
- To elect the shareholders’ representatives to the Statutory Audit Committee.
Special Business
- To consider and if thought fit, pass the following resolutions as ordinary resolutions:
- That in compliance with the rules of the Nigerian Exchange Limited governing transactions with related parties or interested parties, the general mandate given to the Company to enter recurrent transactions with related parties for the Company’s day-to-day operations, including the procurement of goods and services, on normal commercial terms, be and is hereby renewed.
- That the Directors be and are hereby authorized to take all steps necessary to comply with the requirements of the Companies and Allied Matters Act 2020 and the Companies Regulations 2021 regarding the unissued shares of the Company, including the cancellation of the 184 units of unissued ordinary shares of the Company.
- That the Directors be and are hereby authorized to enter 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 give effect to Resolution 6.2 above, including but not limited to appointing professional parties, consultants and advisers and complying with the directives of the regulatory authorities.
- To consider and if thought fit, pass the following resolutions as special resolutions:
- That pursuant to Resolutions 6.2 and 6.3 above, the Directors be and are hereby authorised to amend Clause 6 of the Company’s Memorandum of Association as follows: “The share capital of the Company is ₦4,599,999,908.00 divided into 9,199,999,816 ordinary shares of 50k (fifty kobo) each”
- That the Directors be and are hereby authorized to enter 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 give effect to Resolution 7.1 above, including but not limited to appointing professional parties, consultants and advisers and complying with the directives of the regulatory authorities.
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