Year 2025 agm resolution

1. DECLARATION OF DIVIDEND

   A resalution was passed for the declaratian of dividend of 15kobo per share, amounting to N113,400,000, sobjecf to appropriate u›ithholding ten be and is hereby en@ortzed for payment to the Shareholders in respect of the financial staterienfs far the year ended 31"March, 2025.

2. RE-ELECTION OF DIRECTORS

   7. Chief Oyewole Olaoye, who retired in accordance mitit Section 273 (1) of the Campanies and Allied Matters Act, 2020, being efigible for re-efectton, was ie-elected a Dizectoz of the Company.

   2. Mr. !7riuid Pritchard, who retired in accordance with Secfton 273 (1) of the Companies and Allied letters Act 2020, being eligible for re-election, woe re-circled e I3irector of the Company.

3. APPOINTMENT OF A DIRECTOR

   TheI Ill JIA lfJt) MICS FATIMA LARAI HASSANB£TARA is hereby appointed

   es a hon-l:xecutire Director af the Company

4. TO AUTHORIZE DIRECTORS TO FIX THE REMUNERATION OF THE EXTERNAL AUDITORS.

   the 1Directors were authorized to fix the remuneration of Messrs. Ere s I la u ng (Chartered Accountants) who will continue in office ptirsit«nt No the provision o/ Sc•cli an 40a a/ the Companies endñ llied Potters Act, 2020 in respect o/ the Financial 5ta Cements for the year ending 31st March, 2025 in compliance north Sertion 408

   1. (b) of the Act.

      
      
      
5. ELECTION OF AUDIT COMMITTEE MEMBERS

   The following persDns were elected to represent the shareholders onthe Aiidtt Committee:

   7. Alhaji Stuart B. Daranija

   1. Mr. Samuel A. AdedDykn

   2. HHII Oba ¥ekini Olunreii aju Ajadi

   'thefollowing Ilirectors were appointed to represent the Doard on theAudit Committee:

   1. Mrs. F. 13. Glmo-Lboh

   2. Mr. Semi T. 4kingbe

6. APPROVAL OF DIRECTORS° FEE

w ui o.6s tilion, being Directors'fees pstd in the previous yearand being proposed for the year endtng 31 Merch, 2026, Ans approved.

(vii} APPROUAL OF SHARE IHGREASE:

l'lIA 1 llie shame copiisf of the Company be and is herehy ittcieased from the W756 miIIton sliures Io N907.2miffion shores and the new ly created,Zincreosed shore cepttaf be allo tted Io the exisIink shareholders whose n‹ames appeer on the register of members us at close of business oti 'l'hursd iy, 16"' Gctaber, 2025 on the basis Df one share for fire ordtn«y shames held on llui I dv te and that such shares shaII rank parri passu with the existing shares.

I IU I the honus issue of 1 for every 5 shares held by evenj shareholder, amounting to a hil iona1 757,200,000 sfi«res «f 50a which wi II also tremfete to N75.6 riilfioit should be uypropriu red from the retained profit of the company orid the newly created shares be ullot Ied Io the existing shareho lders, whose names appeer on the register of members as at close of bhisiness on I'hursday, 16"' Clcto her, 2025, and that such share shaII rrink parri passu rui/Jr the exisIing shares.