Central Securities Clearing System (CSCS) Plc has announced that it will hold its 26th Annual General Meeting (AGM) by proxy on May 22, 2020.
The Company said it obtained the necessary approval from the Corporate Affairs Commission (CAC) as stipulated in the Commission’s Guidelines on holding of Annual General Meetings (AGMs) of Companies using Proxies.
According to a statement citing the Group Company Secretary, Mr. Charles Ojo, the AGM will be done “in accordance with the guidelines issued by the Corporate Affairs Commission (CAC) on the conduct of Annual General Meetings via proxies in Nigeria as part of the measures to mitigate the negative effect created by the current Coronavirus (COVID-19) pandemic”.
The company requests every member entitled to attend and vote at the company’s 26th Annual General Meeting to appoint a proxy from the list of designated individuals to attend and vote in his or her stead.
The statement further said that the AGM will transact ordinary business such as receiving and considering the company’s audited financial statements for the year ended December 31, 2019 and the Reports of the Directors, Auditors and Statutory Audit Committee.
The meeting will also declare a final dividend; elect/re-elect Directors; authorise the Directors to fix the remuneration of the Auditors amongst other businesses.
The company said the adoption of a proxy AGM was in line with the CSCS’ commitment to contain the spread of Coronavirus by adopting all the necessary safety measures such as maintaining social distancing, constant hand washing, use of sanitizers amongst other measures to curb the spread of the virus.
