Resolutions Passed at The Annual General Meeting of BUA Cement Plc

The shareholders of BUA Cement, Nigeria’s leading cement manufacturer, on Thursday July 8, 2021 passed the Audited Financial Statements of the Company for the year ended December 31st, 2021.

The company disclosed in a statement signed by Ahmed Aliyu, Esq Company Secretary/Legal Adviser, BUA Cement Plc.

The shareholders also received the Reports of the Directors, Auditors and Audit Committee.

Other resolutions passed were as follow:

• That a dividend of ₦2.067 kobo per 1 ordinary share (50 kobo) each in respect of the period ended December 31, 2020 be and is hereby approved.
• That Mr. Jacques Piekarski be and is hereby elected as Executive Director- CFO.
• That the following Directors be and are hereby re-elected as Non-Executive Directors:
  i. Finn Arnoldsen
  ii. Khairat Abdulrazaq Gwadabe
  iii. Shehu Abubakar
• That the Directors be authorized to fix the remuneration of the Auditors.
• The remuneration of the Managers of the Company was disclosed to members at the meeting.
• That the following be and are hereby elected members of the Statutory Audit
  Committee:
  i. Ajibola Ajayi.
  ii. Kabiru Abdullahi Tambari.
  iii. Oderinde Akinlolu Taiwo.
  iv. Kabiru Rabiu.
  v. Shehu Abubakar.
• That the remuneration of Non-Executive Directors for the year ending December 31, 2021 be and is hereby approved.
• That the Articles of Association of the Company be and are hereby amended by inserting the following new article [90A].