Shareholders of MeCure Industries Plc last Friday have approved several key resolutions including dividend payments and changes to the company’s external auditors.
This was disclosed in a statement by Olawale Ibitoye, Company Secretary/Legal Adviser to the Nigerian Exchange Group Limited (NGX) Monday.
“That the recommended dividend of N0.15 kobo per one ordinary share of 50kobo be and is hereby approved,” Ibitoye stated in the official release.
The shareholders also received and accepted the company’s financial performance report. “That the Report of the Directors, together with the Audited Financial Statements for the year ended 31 December, 2024 and the Report of the Auditors and the Audit Committee thereon were laid before the shareholders,” Ibitoye confirmed.
In a significant change to the company’s audit arrangements, shareholders approved the appointment of new external auditors. “That the firm of Messrs. Olatunji Cole & Co is hereby appointed as External Auditors of the Company in place of Alexander Johnson & Co who retired at the meeting,” the Company Secretary announced.
The meeting also saw board changes, with two directors reappointed to their positions. “That the following Directors who retired by rotation were re-elected as Directors of the Company; Dr. Benedict Agbo [and] Mr. Chidi Okoro,” Ibitoye stated.
Three shareholders’ representatives were appointed to the Statutory Audit Committee: Mr. Tunji Bamidele, Mrs. Samiat Odunuqa, and Mr. Yakubu Titilayo Mosuro. They will serve alongside board representatives Mr. Chidi Okoro and Mr. Joseph Babatunde.
Additionally, shareholders authorized the company to conduct related-party transactions necessary for daily operations in compliance with Nigerian Exchange Limited rules.
