Notices of annual general meeting (agm)

NOTICE IS HEREBY GIVEN that the 48thAnnual General Meeting of Ikeja Hotel Plc will be held at Sheraton Lagos Hotel, 30 Mobolaji Bank Anthony Way, Ikeja, Lagos State on Wednesday, July 30, 2025, at 10:00 am to transact the following businesses:

AGENDA

1. To lay before members the audited financial statements for the year ended December 31, 2024, together with the report of the Directors, Audit Committee and Auditors thereon

2. To declare a dividend

3. To re-appoint the External Auditors

4. To authorize the Directors to fix the remuneration of the External Auditors for the 2025 Financial year

5. To elect shareholder-members of the Audit Committee

6. Disclosure of the remuneration of Managers of the Company

   SPECIAL BUSINESS

7. To consider and if though fit, pass the following as an ordinary resolution: "That the total remuneration of Directors be and is hereby fixed as follows:

   1. Directors fee: N 18,500,000 (Eighteen Million, Five Hundred Thousand Naira)

   2. Other expenses (including sitting allowances, seasonal gifts, health insurance, travel ticket) N168,940,976 (One Hundred and Sixty-Eight Million, Nine Hundred and Forty Thousand, Nine Hundred and Seventy-Six Naira) such payment to be effective from January 1, 2025.

1. PROXY

   A member of the Company entitled to attend and vote at the meeting who is unable to attend and wishes to be represented at the meeting is entitled to appoint a proxy to attend, speak and vote in his/her stead. A proxy need not be a member of the Company. A proxy form is enclosed herewith, and for it to be valid for attending the meeting, it must be completed and duly stamped by the Commissioner of Stamp Duties and deposited at the registered office of the Registrars, Greenwich Registrars and Data Solutions, 274 Murtala Muhammed Way, Yaba, Lagos, not later than 48 hours before the time of the meeting. The form may also be sent via email to proxy@gtlregistrars.com.

2. PROPOSED DIVIDEND

   A dividend of 15 kobo per share, subject to appropriate withholding tax and approval of the shareholders in the general meeting, will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, July 4, 2025.

3. DIVIDEND PAYMENT DATE

   Dividends will be paid electronically to shareholders whose names appear on the Register of Members as of Friday, July 4, 2025, who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts on Friday, August 1, 2025.

4. E-DIVIDEND REGISTRATION

   Notice is hereby given to all shareholders to open bank accounts, stockbroking accounts, and CSCS accounts to receive dividend payments electronically. A detachable application form is attached to the annual report to enable all shareholders to furnish the particulars of their accounts to the Registrar as soon as possible. Shareholders can also download the form from the Registrars' website (https://www.gtlregistrars.com), complete and submit it to the Registrars or their respective Banks.

5. UNCLAIMED DIVIDEND WARRANTS AND SHARE CERTIFICATES

   Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar, Greenwich Registrars and Data Solutions, 274 Murtala Muhammed Way, Yaba, Lagos.

6. NOMINATIONS FOR THE AUDIT COMMITTEE

   According to Section 404 (6) of the Companies and Allied Matters Act (CAMA) 2020, any member may nominate a shareholder for election as a member of the Audit Committee by giving notice in writing of such a nomination to the Company Secretary at least 21 days before the Annual General Meeting. Such nominations should be guided by the Securities and Exchange Commission's Code of Corporate Governance requirements for Public Companies in Nigeria, 2011 and the Nigerian Code of Corporate Governance 2018. CAMA 2020 further provides that members of the statutory audit committee shall be financially literate.

7. PROFILE OF DIRECTORS

   The profiles of the Directors are contained in the Annual Report and on the Company's website.

8. WEBSITE

   A copy of this notice and other information relating to the meeting can be found on the Company's website at https://www.ikejahotelplc.com

9. RIGHT OF SHAREHOLDERS TO ASK QUESTIONS

   Under Rule 19.12 (c) of the Rulebook of the Nigerian Exchange Limited, 2015, please note that every shareholder has the right to ask questions at and in writing before the meeting. We urge that such questions be submitted to the Company Secretariat no later than July 15, 2025.

10. CLOSURE OF REGISTER

    According to the Companies and Allied Matters Act (CAMA) 2020 provisions, the Company's Register of Members and transfer books will be closed from Monday July 7, 2025, to Friday, July 11, 2025, both dates inclusive.

11. VIRTUAL MEETING LINK

The link to the AGM can be accessed via https://www.ikejahotelplc.com