Business
BUA CEMENT : RESOLUTIONS PASSED AT THE AGM OF BUA CEMENT PLC
BUA CEMENT : RESOLUTIONS PASSED AT THE AGM OF BUA CEMENT
About this update from Bua Cement Plc
[{"type":"text","content":"\n Abuja, 21st July 2025.\n \n \n RESOLUTIONS PASSED AT THE 9TH ANNUAL GENERAL MEETING OF BUA CEMENT PLC.\n \n \n At the 9th Annual General Meeting of BUA Cement PLC (the Company) held on Monday, 21st July 2025, at the Transcorp Hilton Hotel, the following resolutions were duly deliberated and passed:\n \n \n That the Audited Financial Statements of the Company for the year ended 31st December 2024, together with the Reports of the Directors, External Auditors and the Audit Committee thereon, be received.\n \n \n That a dividend of ₦2.05k per each ordinary share of 50 kobo for the period ended 31st December 2024, is hereby approved.\n \n \n That Khairat Abdulrazaq-Gwadabe, Shehu Abubakar, and Finn Arnoldsen, being directors of the Company retiring by rotation, be and are hereby re-elected.\n \n \n That the Directors of the Company are hereby authorised to fix the remuneration of the Auditors for the year ending 31st December 2025.\n \n \n That the following individuals shall constitute the Statutory Audit Committee of the Company for the 2025 Financial year: Mr. Ajibola Ajayi, Mr. Kabiru Tambari and Mr. Oderinde Taiwo (as representatives of shareholders), and Mr. Kabiru Rabiu and Ms. Ganiat Adetutu Siyonbola (as Board representatives).\n \n \n The remuneration of the Managers of the Company was disclosed in compliance with Section 257 of the Companies and Allied Matters Act (CAMA) 2020.\n \n \n That the remuneration of the Non-Executive Directors of the Company for the year ending 31st December 2025 is hereby fixed at N12,740,000 for Non-Executive Directors, N14,560,000 for Independent Non-Executive Directors and N18,200,000 for the Chairman.\n \n \n That, in accordance with Rule 20.8(a) of the Nigerian Exchange Limited Rules governing transactions with Related Parties or Interested Persons, the general mandate granted to the Company to procure goods and services, and to enter into such incidental transactions necessary for its day-to-day\n operations with its related parties or interested persons on normal commercial terms, be and is hereby renewed.\n By the Order of the Board\n \n \n \n Hauwa Satomi\n \n \n Company Secretary/Chief Legal Officer\n ","length":3206,"tagName":"div"}]