NOTICE IS HEREBY GIVEN that the 54th Annual General Meeting of Meyer Plc (the Company) will be held at Radisson Blu Hotel, Ikeja, 38/40 Isaac John Street, GRA Ikeja, Lagos, on Friday, 22nd May 2026, by 11 am prompt to transact the following business:
Ordinary Business:
To present the Audited Financial Statements for the year ended 31st December 2025, together with the reports of the Directors, Auditors, and Audit Committee thereon.
To declare a dividend
(A) To re-elect the following Directors retiring by rotation:
Erelu Angela Adebayo
Mr. Tony Uponi
(B) i) To ratify the appointment of Mr. Adewale Raji as a Director.
ii) To ratify the appointment of Mr. Sunday Asade as a Director
i) To ratify the appointment of Pannell Kerr Forster Professional Services (PKF) as the Company's auditors.
ii) To authorise the Directors to fix the remuneration of the Auditors.
To disclose the remuneration of Managers.
To elect members of the Statutory Audit Committee. Special Business:
To approve the remuneration of the Non-Executive Directors.
Notes:
Proxies
A member of the Company entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his/her stead. A proxy need not be a member of the Company.
To be valid, executed forms of proxy should be deposited at the registered Office of the Company at Plot 32, Billings Way, Oregun-Ikeja Lagos or at the office of the Registrar, Greenwich Registrars & Data Solutions Limited, 274, Murtala Muhammed Way, Alagomeji, Yaba, Lagos or via email at proxy@gtlregistrars.com not later than 48 hours before the time fixed for the Annual General Meeting. A blank proxy form is supplied in the Annual Reports and may also be downloaded from the Company's website at https://www.meyerpaints.com.
Audit Committee Members
In accordance with Section 404(3) of the Companies and Allied Matters Act 2020, the Audit Committee shallconsist of 5 members: three (3) shareholders and two (2) Non-Executive Directors. Section 404(6) of the Act provides that any shareholder may nominate another shareholder for election as a member of the Audit Committee by giving notice in writing of such nomination to the office of the Company Secretary, Marriot Solicitors, 15E Muri Okunola Street, off Ajose Adeogun Street, Victoria Island, Lagos at least twenty-one (21) days before the Annual General Meeting.
The Financial Reporting Council's Code of Corporate Governance stipulates that all members of the Audit Committee should be financially literate and able to read and understand financial statements. Consequently, a detailed curriculum vitae of the nominee's qualification should be submitted with each nomination.
Closure of Register of Members
The Register of Members and transfer of books will be closed between 1st May 2026 and 4th May 2026 (both dates inclusive) for the purpose of preparing an up-to-date Register.
Dividend Payment
The Board of Directors has recommended a dividend of 45 kobo per share, which shall be subject to withholding tax at the appropriate rate, to Shareholders of the Company whose names appear on the Company's Register of Members as at the close of business on Thursday, the 30th of April 2026. The dividend shall be payable on Monday, the 25th of May 2026
Unclaimed Dividend Warrants
A number of dividend warrants have remained unclaimed or are yet to be presented for payment or returned to the Company for revalidation. Affected Shareholders are advised to kindly contact Greenwich Registrars & DataSolutions Limited, 274, Murtala Muhammed Way, Alagomeji, Yaba, Lagos.
Update of Records
In order to improve the delivery of our Annual Report, we have inserted an Update form in the Annual Report and hereby request shareholders to complete the form by providing their contact information and any other requested detailsand thereafter return the same to the Registrars for further processing.
To re-elect Directors
In accordance with the provisions of the Articles of Association of the Company regarding retirement of directors by rotation, the directors to retire by rotation are Erelu Angela Adebayo and Mr. Tony Uponi, who, being eligible, have offered themselves for re-election at the 54th Annual General Meeting.
Rights of Securities Holders to Ask Questions
Securities Holders have a right to ask questions not only at the Meeting, but also in writing prior to the meeting, and such questions must be submitted to the Company via email to info@meyerpaints.com not later than two weeks before the date of the meeting.
Profile of Directors
The profiles of all Directors are provided in the Annual Report and on the Company's website.
DATED THIS 7thDAY OF APRIL 2026 BY ORDER OF THE BOARD
Kalu O. Kalu Esq. (Marriot Solicitors)
FRC/2020/PRO/NBA/002/0000002178
Company Secretary
15E Muri Okunola Street,
Off Ajose Adeogun Street, Victoria Island Lagos