And co. plc. – agm resolutions

Benin: 20 December 2024

AUSTIN LAZ & CO. PLC. - AGM RESOLUTIONS

At the combined Annual General Meeting (AGM) of Austin Laz & Co. Plc. held at Bishop Kelly Pastoral Centre, 30, Airport Road, Benin City, Edo State, on 12 December 2024; the following resolutions were transacted:

ORDINARY BUSINESS

1. The Audited Financial Statements for the years ended 31st December 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023 together with the reports of the Directors Auditors and Audit Committee thereon were laid before the members. The report for 2023 was read while that of 2013- 2022 were unanimously agreed to have been read for want of time. These were duly received.
2. The re-election of the following Directors was duly passed and carried;
3. 1. Dr. Austin Lazarus Asimonye; NPOM - Chairman of the Board
   2. Barr. (Mrs.) Comfort O. Asimonye
4. The following persons were proposed to be appointed as Directors and were carried.
5. 1. Engr. Kingsley Oyakhire
   2. Mr. Abel Enecheziam
   3. Mr. Christopher Eromosele Itua
   4. Engr. Judith Asimonye
   5. Mr. Nyemike Ogbechie
   6. Engr. Andrew C. Ojogbo
6. The Directors of the company were authorized to fix the remuneration of the External Auditors of the company for the 2024 financial year.
7. The following shareholders representatives were elected members of the statutory Audit Committee of Austin Laz & Co. Plc., in line with section 401(1) and 403(3) of the Companies and Allied Matters Act, CAMA 2020.
8. 1. Pastor Samuel Gbadega
   2. Mrs. Scholar Osafiana
   3. Mr. Emmanuel Ugboh

The following Directors were nominated to represent the Board on the statutory Audit Committee.

1. Barr. Mrs. Comfort O. Asimonye
2. Mr. Christopher Eromosele Itua

SPECIAL BUSINESS

6. The Directors remuneration was fixed at N300,000 for each Director and N400,000 for the Chairman.

Ifeanyi Offor

Company Secretary