Here Are Four Things That Happened At United Capital's AGM

The United Capital Plc held its Annual General Meeting (AGM) recently, and several decisions were taken by the shareholders of the company. During the AGM, United Capital changed its External Auditor, re-elected some retiring directors and approved dividend payment for its shareholders.

The shareholders of the capital investment management company had met virtually to deliberate on the Audited  Financial  Statement for the  year ended December   31,   2019. First of all, during the virtual meeting held in late April 2020, shareholders approved a dividend payment of 50 kobo per ordinary share of 50 kobo each to all shareholders.

The payment will be made to shareholders whose names were registered in the Company’s Register of Members at the close of business on March 6, 2020, AllNews gathered from a statement submitted to the Nigerian Stock Exchange (NSE) yesterday, May 14, 2020.

It was also revealed that the second event that occurred was the shareholders' approval of the re-election of retiring directors, Chika Mordi and Adim Jibunoh. The third was, shareholders approved the election of Paul Olele, Adio Alex, Faith George-Usman, Emmanuel Nnorom, Adim Jibunoh, Sir  Stephen Nwadiuko, as members of the Statutory Audit Committee.

The fourth need-to-know is that United Capital now has a new External Auditor following the retirement of Messrs. Deloitte and Touché. The shareholders appointed Messrs. PricewaterhouseCoopers (PwC) as the External Auditor of the investment company.