May 30, 2024/NGX
At the 15th Annual General Meeting (AGM) of Dangote Cement Plc held on Tuesday, 28th May 2024, at 11.00 am at the Balmoral Convention Centre, Federal Palace Hotel, Ahmadu Bello Way, Victoria Island, Lagos, the following resolutions were duly passed:
Resolutions
1. The Audited Financial Statements and Reports of the Directors, Auditors and Statutory Audit Committee for the year ended December 31, 2023, were laid before the Members.
2. A dividend payment of N30 for every ordinary share was declared for the period ending 31st December 2023, payable by Friday 31st May 2024 from the retained earnings of the Company as of 31st December 2023.
3. The re-election of Mr Devakumar V.G. Edwin, Mrs. Dorthy Udeme Ufot (SAN), Ms. Halima Aliko-Dangote, and Mr Abdu Dantata, being Directors who retired by rotation, and the appointment of Mr Alvaro Poncioni Merian as a Director, were approved.
4. The Board of Directors was authorised to fix the Auditors’ remuneration for the 2024 financial year.
5. The remuneration of the Managers of the Company was disclosed in compliance with section 257 of the Companies and Allied Matters Act (CAMA) 2020.
6. The elections of Mr. Robert Ade-Odiachi, Mr Sheriff Yussuf Mojirola and Mr Nicholas Nyamali as Members of the Statutory Audit Committee were approved to serve along with Mr Ernest Ebi MFR and Mr. Olakunle Alake, the Board’s appointed representatives on the Statutory Audit Committee, until the conclusion of the next Annual General Meeting.
7. An ordinary resolution approved the remuneration sums of N5m for the Chairman and N4m each for the Non-Executive Directors for the year ending December 31, 2024.
8. The Amendment to Section 15 of the Company’s Articles of Association was approved as follows:
a. By adding the following as the new Article 15, without substituting the former.
“To the extent permitted by law, all general meetings, inclusive of Annual General Meetings (AGM) and any other meetings of the Company, may be held by teleconference, videoconference or other virtual or electronic means of communication, and any person so participating virtually, shall be deemed to have attended such meeting in person and shall be entitled to vote.”
b. By renumbering all the Articles consecutively from 1 to 52
c. The Board of Directors was authorised to take such action as may be required to give effect to the above resolution and
d. The acting Company Secretary was authorised to make any filings at the Corporate Affairs Commission as may be necessary for or incidental to giving effect to the above resolutions.
