THE INITIATES PLC NOTICE OF 23RD ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN  that the 23rd Annual General Meeting (2021) of Shareholders of The Initiates Plc. (TIP) shall hold on the 25th day of August, 2022 at the Conference Hall, Bon Hotel at LA Kings, 31 Ken Saro wiwa Street, Former Stadium road, Rumuomasi Port Harcourt, Rivers State by 11:00am to discuss the following:

ORDINARY BUSINESS:
A

1. To receive and consider the Audited Financial Statement as at December 31, 2021, the report of the Directors, the Audit Committee, Auditors Report therein;

2a. To re-elect the following Directors who are to retire by rotation: Mr.Joe Anosikeh, Prof. Edward Alikor.

2b. To appoint Mrs. Dorothy Bassey as an Independent Director.

3. To re-appoint the Audit firm of Madu, Onyekwena & Co. as the Company’s External Auditors.

4. To authorize the Directors to fix the remuneration of Auditors.

5. To elect Shareholder members of the Statutory Audit Committee.

6. To disclose remuneration of Managers

SPECIAL BUSINESS:

7. To consider and approve the remuneration of Directors

NOTES:

PROXIES:

Shareholders should kindly note that following the Government’s directive restricting public gathering due to the COVID-19 pandemic, the Corporate Affairs Commission has granted approval for the AGM to hold by proxy to minimize physical contact and ensure public health safety.  Quorum for this Meeting can therefore be formed either by physical attendance or by proxy.

Click here to download the full report.

Thank you.