DATE OF ISSUE: AUGUST 13, 2025 PLACE OF ISSUE: LAGOS, NIGERIA
RESOLUTIONS PASSED AT THE 67TH ANNUAL GENERAL MEETING OF CORONATION INSURANCE PLC
At the 67th Annual General Meeting (AGM) of Coronation Insurance Plc held virtually at 10.00a.m on Wednesday August 13, 2025, the following resolutions were considered and passed by the Shareholders:
ORDINARY BUSINESS
That the Audited Financial Statements of Coronation Insurance Plc for the year ended December 31, 2024, together with the Reports of the Directors, Auditors and Audit Committee which was laid before the Shareholders be and is hereby received.
That the appointment of Mr. Augustine Alegeh SAN CON who was appointed as an Independent Non-Executive Director since the last Annual General Meeting be and is hereby approved subject to the No Objection of the National Insurance Commission (NAICOM).
That Mr. Mutiu Sunmonu CON retiring by rotation and though 70-years old, being eligible and offering himself for re-election, be and is hereby re-elected as a Non-Executive Director of the Company pursuant to Section 282 of the Companies and Allied Matters Act 2020.
That Mrs. Ibijoke Adenuga retiring by rotation and being eligible and offering herself for re-election be and is hereby re-elected as a Non-Executive Director of the Company.
That the External Auditors, Ernst & Young, being eligible for re-appointment be and are hereby re-appointed to hold office as the External Auditors of Coronation Insurance Plc from the conclusion of this Meeting until the conclusion of the next Annual General Meeting.
That the Directors be and are hereby authorized to fix the remuneration of the Auditors for the year ending December 31, 2025.
That the remuneration of Managers of the Company as disclosed in the Annual Report and Accounts be and is hereby noted.
That the elected and approved members of the Statutory Audit Committee be as follows: Shareholders' Representatives
Mr. Chinwendu Achara
Mrs. Mary Joke Shofolahan
Mr. Adeniyi Adebisi Board Nominees
Mr. Abubakar Jimoh
Mrs. Titilayo Osuntoki
SPECIAL BUSINESS
10. That the Directors be and are hereby authorized to appoint an independent consultant to conduct the Annual Board Performance Appraisal for the Financial Year ending December 31, 2025.
FOR: CORONATION INSURANCE PLC
MARY AGHA COMPANY SECRETARY
That the Company and its related entities be and are hereby granted a General Mandate in respect of all recurrent transactions entered with a related party or interested person, provided such transactions are of a revenue or trading nature or are necessary for the Company's day-to-day operations, with effect from the date on which this resolution is passed until the date on which the next Annual General Meeting of the Company is held.