ABUJA, FCT

26th JULY 2023

ANNOUNCEMENT

Capital Hotels Plc hereby informs the Nigerian Exchange Limited (NGX), its Shareholders and other Stakeholders that there has been changes in the composition of the Board and Management of the Company as approved by the Board of Directors at its meeting of 25th July 2023 as follows:

  1. Alhaji Abatcha Bulama, Messrs Toke Alex-Ibru, Robert Itawa and Pascal Demarchi have resigned as Directors of Capital Hotels Plc. Their resignation was accepted by the Board at its meeting of 25th July 2023.
  2. Hon Lawal Idirisu has been appointed as a Director of Capital Hotels Plc. Hon Lawal is a Nigerian entrepreneur and a former member of the House of Representatives who represented Ajaokuta Federal Constituency of Kogi State in the immediate past National Assembly. His legislative interests bordered on Iron & Steel Development, Oil & Gas, Health, Aviation Transportation and Human Rights. He is an advocate for corporate governance in the private and public sectors. His appointment was approved by the Board at its meeting of 25th July 2023.
  3. Mr Babatunde Adebayo has been appointed as a Director of Finance for the Company. Mr Adebayo holds MSc in Business Administration and ACA. He has over thirteen years' experience in the hospitality industry as a Chartered Accountant. His appointment was approved by the Board at its meeting of 25th July 2023.

By Order of the Board.

Alex Ugwuanyi

FRC/NBA/2017/00000016473

For: Ifebunandu & Co

Company Secretary

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Capital Hotels plc published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 18:05:07 UTC.