And company plc agm resolution

At the Annual General Meeting (AGM) of Austin Laz & Co. Plc. held at the Conference Hall of Austin Laz & Co. Plc, Km 8 Sapele Road, Benin City, Edo State on Friday, 5thDecember 2025, the following resolutions were passed:

1. The Audited Financial Statements for the years ended 31stDecember 2024, with the Reports of the Directors, Auditors and Audit Committee thereon were laid before the members. The report was duly received and approved.

2. The re-election of the following Directors was duly passed and carried;

   1. Mr. Christopher Eromosele Itua - Chairman of the Board

   2. Engr. (Dr.) Austin Lazarus Asimonye; NPOM - CEO

3. The following person(s) was elected as a Director of the company:

   1. Rear Admiral Julius Ahamba Nwagu

4. The Directors were authorized to fix the remuneration of the External Auditors for the 2025 financial year.

5. The following shareholders representatives were elected members of the Statutory Audit Committee, in line with section 401(1) and 403(3) of the Companies and Allied Matters Act, CAMA 2020.

   1. Pastor Samuel Gbadega - Chairman

   2. Mr. Emmanuel Ugboh

   3. Mr. Abel Enecheziam

      
      
      

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

      1. Barr. Mrs. Comfort O. Asimonye

      2. Mr. Abel Enecheziam

      SPECIAL BUSINESS

6. The remuneration of the Non-Executive Directors was fixed at N400,000 for each Non-Executive Director and N750,000 for the Chairman.

Ifeanyi Offor Company Secretary